This form is for individuals being a resident (other than not ordinarily resident) who have:
Part A
here, Assesee will furnish details of the investment, deposit, or payments made to claim deduction under Chapter VI-A
Part B
here, Assesee will furnish details of the eligible amount of deduction available under section 10AA; and
Part C
here, Assesee will furnish details of payment, acquisition, purchase or construction made to claim deduction under Sections 54 to 54GB
Content of Schedule DI
Total income up to Rs 50 lakh
Have income from salaries
One house property
Other sources (interest etc.), and
Agricultural income up to Rs 5000
Five Key Major Changes in ITR-1
Passport details
Taxpayers will have to provide their passport number (if they have one). This is a new addition.
TAN of your employer
This year's ITR-1 asks for detailed information of your employer. Those whose are filling ITR-1, are required to mention TAN of employer,& also name, nature address of the employer.
PAN or Aadhaar details of your tenant
If you have rented out property, than you will have to provide Name and PAN details of your tenant.
Complete address of your house
You will now have to provide the complete address of your house property in ITR-1.
Provide details of unrealised rent
If during FY 2019-20, you have not received the rent which was due to you, then such details are also required to be provided.
Structure of the ITR 1 Form
ITR 1 is divided into following parts:
Part A
Personal Details.
Part B
Gross Total Income.
Part C
Taxable Total Income and Deductions.
Part D
Status and Computations of Tax.
Schedule IT
Statement of Advance Tax and Self-Assessment Tax Payments.
Schedule TDS1
Statement of Tax Deducted at Source and Tax Collected at Source.
Schedule TDS2
TDS details of Income other than Salary (As per Form 16A, issued by Deductor(s))
Supplementary Schedules TDS1, TDS2 and IT
Document
ITR 1 is divided into following parts:
Form 16s, issued by all your employers for the given Financial Year.
Form 26AS - remember to verify that the TDS mentioned in Form 16 matches the TDS in Part A of your Form 26AS.
If you have not been able to submit proof of certain exemptions or deductions (such as HRA allowance or Section 80C or 80D deductions) to your employer on time, keep these receipts handy to claim them on your income tax return directly.
PAN card.
Interest from bank account details - bank passbook or FD certificate.
