Who is under Obligation to file Return ITR-1 Sahaj ?
Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income-tax(i.e Rs. 2,50,000/- in case of individuals below the age of 60 years, Rs. 3,00,000/- where Age is 60 years or more and Rs. 5,00,000/- where is 80 years or more) is obligated to furnish his return of income.
CA Anoop Gupta