ITR - 1 Return Filling
Filing your ITR-1 (Sahaj) return is essential for salaried individuals, pensioners, and those with income from interest or a single house property. At LCT, we simplify the process of filing your ITR-1, ensuring accuracy, compliance, and peace of mind.
Who Can File ITR-1?
- Individuals with income up to ?50 lakhs.
- Income sources limited to salary, one house property, and other sources like interest.
- Agricultural income up to ?5,000.
Why Choose LCT for ITR-1 Filing?
- Expert Guidance: Our team ensures all details are correctly filled, minimizing errors.
- Quick Processing: Filing your return on time to avoid penalties and delays.
- Tax Savings Advice: Guidance on maximizing deductions and exemptions.
- Secure & Confidential: Your financial data is handled with utmost care and security.
Steps to File ITR-1 with LCT
Gather Documents:
- Form 16 from your employer.
- Bank interest certificates.
- TDS certificates (if any).
- Details of other income.
Verify Eligibility:
- Ensure your income sources match the criteria for ITR-1.
Calculate Taxable Income:
- Sum up all income sources and apply eligible deductions under Section 80C, 80D, etc.
Preparation & Review:
- Our experts prepare your return and review it for accuracy.
Filing the Return:
- Submit the ITR-1 form electronically to the Income Tax Department.
Acknowledgment Receipt:
- Generate and download the acknowledgment (ITR-V) after successful submission.
E-Verification:
- Complete the verification process using Aadhaar OTP, Net Banking, or by sending a signed ITR-V to the CPC office.
