Almost after 55 days of commencement of FY, Income Tax department made ALL ITR forms available for filing Income Tax Returns for the AY 2018-19.

There are key changes and points, where a Taxpayer should be aware of while filing ITR 1 for the AY 2018-19.

1. ITR 1 Applicability:

ITR 1 can be filed by individuals being a resident other than not ordinarily resident (ROR) having

-Income from Salaries,

-One house property,

-Other sources (Interest etc.) and

-having total income upto 50 lakhs.

2. Non-applicability of ITR – 1 to non-residents:

ITR-1 is not applicable to

-Non-residents and

-individuals who are resident but not ordinarily so (R-NOR)

Accordingly, NRI and RNOR will now have to file ITR-2/3/4, as the case may be.

3. Due Date: 31st of July,2018

4. Required Document for filing ITR:

-FORM 16 (for salaried class)

-Income from Investments

-Proof for claiming deduction under chapter VI-A

5. Part A – General Information:

a. Aadhar information:

1. Government has extended last date to link Aadhar with PAN to 30th of June,2018.

2. Now, it’s mandatory to quote Aadhar number or Aadhar enrolment id with date & time of enrolment.

b. Portuguese Civil code:

If the taxpayer is governed by Portuguese civil code and if there is any income to be apportioned in accordance with the provisions of sec 5A then, they are required to file ITR-2

6. Part B – Gross Total Income:

B1. Detailed breakup of salary like allowances not exempt, value of perquisites, profits in lieu of salary and deductions under section 16 are to be provided now.

Details relating to house property income, like tax paid to local authorities, annual value, 30% of annual value, interest payable on borrowed capital are to be provided now.

ITR 1 Part B Gross Total Income
* Individual who want to carry forward and set off of the loss under the head income from house property is not eligible to file this return. They should file ITR-2 for the same.

7. Part D – Tax Computation and Tax Status

-Late fee: Where a person required to furnish a return of income under section 139, fails to do so within the time prescribed i.e., 31st of July late fee u/s 234F will be levied as follows:

– ₹5,000 (five thousand rupees) if the return is furnished on or before the 31st day of December of the assessment year but after 31st of July of the assessment year.

– ₹10,000 (ten thousand rupees) in any other case i.e., return filing after 31st of December.

Provided that if the total income of the person does not exceed ₹5,00,000 (five lakh rupees), the fee payable under this section shall not exceed ₹1,000 (one thousand rupees)

A new column D.10 234F has been provided for declaring amount of late fees under newly introduced section 234F which is payable in case of late filing of ITR.

8. Tax details – Schedule TDS:

Tenant’s name and PAN to be mentioned for TDS on rent received exceeding ₹ 50,000 per month.

9. Exempt Income (For reporting purposes):

If Income declared under the head salaries is less than 90% of the amount on which TDS has been deducted, taxpayer is required to give income details under Exempt Income – iv. Others

10. Part E – Other Information:

Taxpayer is not required to give any information and cash deposited in the bank during the year.

11. Verification of Return:

While verifying the return, the taxpayer is required to mention in whose capacity it is furnishing and verifying the return.

“I further declare that I am making this return in my capacity as…..”

-Himself / Herself could be used if the individual himself / herself is verifying.

-In case the same is being verified by another person, you could say ‘Power of attorney holder’ or ‘Authorised Signatory’

-And PAN number of the same.

ITR 1 Verification

12. Incase there is a mismatch with ITR and Form 16, Form 26AS there are more chances of receiving a notice from the department.

Disclaimer: The contents of this article have been prepared in accordance with the relevant provisions, and information available at the time of preparation. The views and opinions expressed in this article are those of the author and the author does not take any responsibility and cannot guarantee that no inaccuracy occurs.

The author is an upcoming Chartered Accountant, at present working as an Article Assistant in Hyderabad. He is a vivid researcher and regular contributor on Taxation and can also be reached at [email protected] or on whatsaap +91 7569989230

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  1. Siddharth says:

    I have a query on excepted income…
    Please suggest the section number to declare exempted income given under below heads
    1. Fuel reimbursement
    2. Phone reimbursement
    3. Medical reimbursement

  2. Satya Prakash says:

    My incoe from divident is re than 10 lakh. Which form of Income Tax is to be filled.

    ITR Form 2 /3 is not avilable in e-form submission.
    ITR form 1/ 4 has no column for divident income o be charged as 10%

  3. Vincent Cyril Dsilva says:

    Dear Sir,

    I am an NRI and my income by interest in my NRO account is not more than Rs.25,000/-

    This article I received on 17/6/2018 which states that NRI’s are not applicable to to use ITR-1 for AY 2018-19. But I have already filed my returns on 05/06/2018 and the same is electronically verified.

    Will this return be treated as disqualified. Please advise.

    Thanks and regards
    Vincent Dsilva

  4. Chander Kanwar says:

    I am eligible to file ITR 1 return, however UNDER INCOME FROM HOUSE PROPERTY my tenant has deducted TDS even when monthly rent is less than Rs 50,000/- per month. The tenant has TAN and not PAN. How do I file the return? Please advise.


    As ITR 1 is a annexure less form, I am NOT in agreement that Proof of Exemptions is needed. One must have it to prove if required. Similarly, Form 16 is NOT a MUST, if you have correct details.
    Required Documents is only to ensure correctness

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