Skip to content

CA Intermediate · Taxation · Provisions for filing Return of Income and Self Assessment

Which of the following resident individuals is eligible to file the simplified return form ITR-1 (Sahaj) for tax year 2026-27?

Vikram is eligible. ITR-1 is meant for resident individuals with total income up to Rs 50 lakh from salary, one house property and other sources such as interest. The others are excluded because of a directorship, two house properties or holding unlisted shares.

  1. AVikram, who has salary income, income from one house property and bank interest, with total income of Rs 38 lakhCorrect
  2. BSheetal, who is a director in a company and has salary and interest income of Rs 20 lakh
  3. CAjay, who has salary income and income from two house properties, with total income of Rs 30 lakh
  4. DNikhil, who is a resident and holds unlisted equity shares at any time during the year, with total income of Rs 25 lakh

Explanation

ITR-1 can be used by a resident individual with total income up to Rs 50 lakh from salary or pension, one house property, and other sources such as interest. Vikram meets all these conditions. Directors of companies, persons holding unlisted equity shares, and persons with more than one house property cannot use ITR-1, which rules out the other three.

Did you get it right without looking?

One question tells you little. A timed set on Provisions for filing Return of Income and Self Assessment shows your real accuracy, how long you take and where you lose marks.

Practise Provisions for filing Return of Income and Self AssessmentFree diagnostic mock

More Provisions for filing Return of Income and Self Assessment questions