1) ITR-1 or SAHAJ

​

This form must be used by resident Indians who fall under the below-mentioned categories:

• Income is generated from a pension or salary

• Income is generated from a single house property. However, in case the losses have been brought forward from the previous year, exclusion is allowed.

• In case an income of not more than Rs.5,000 is generated from agriculture.

• The total income that is generated can be a maximum of Rs.50 lakh.

• Income that has been generated from other sources such as winning horse races, lottery, etc.

​

Who cannot opt for this form?

​

Individuals who fall under the below-mentioned categories cannot opt for ITR-1:

• In case the total income that has been generated is more than Rs.50,000.

• In case individuals have capital gains that are taxable.

• In case income is generated from more than one house property.

• During the financial year, if any investments were present in unlisted equity shares.

• In case you are a Non-Resident Indian (NRI) and Resident Not Ordinary Resident (RNOR).

• In case income that is generated from agriculture is more than Rs.5,000.

• In case income is generated from profession or business.

• In case the individual is the director of a company.

• In case any income is generated from a property that is located outside India.

• In case an individual has foreign assets or foreign income.

​

2) ITR-2

​

• ITR 2 form must be used by individuals and Hindu Undivided Families (HUFs) who fall under the below-mentioned categories:

• Income of the individual must be more than Rs.50 lakh.

• Income can be generated via a pension or from salary.

• Income that is generated from house property.

• Income that is generated from winning a lottery or horse races.

• In case the individual is the Director of a company.

• Agricultural income of the individual is more than Rs.5,000.

• Income has been generated from capital gains.

• In case any investments were present in equity shares that were unlisted during the financial year.

• Income is generated from foreign income and foreign assets.

​

3) WHERE CAN WE USE DSC

​

1. For sending and receiving digitally signed and encrypted emails.

2. For carrying out secure web-based transactions, or to identify other participants of web-based transactions.

3. In eTendering, eProcurement, MCA [for Registrar of Companies efiling], Income Tax [for efiling income tax returns] Applications and also in many other applications.

4. For signing documents like MSWord, MSExcel and PDFs.

5. Plays a pivotal role in creating a paperless office

​

​