Economics · Taxation
Which of the following individuals cannot use the ITR-1 (Sahaj) form to file their return under the Indian Income Tax Act? A. An individual who is a director in a company. B. An individual who has any asset located outside India. C. An individual whose total income does not exceed Rs. 50,00,000. D. An individual who has income from any source outside India. E. An individual who has any unlisted equity shares at any time during the previous year. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B, C and E only
- 2A, C and E only
- 3A, B, D and E only✓
- 4A, B, C and D only
Correct answer
A, B, D and E only
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