Key Points
The due date to file income tax return (ITR) by individual taxpayers who are not subject to tax audit under the Income-tax Act,1961 for the FY 2022-23 (AY 2023-24) is July 31, 2023..
ITR-1 can be used by an Ordinary Resident (ROR) Individual with a total income of up to Rs.50 lakh..
While it is possible to file Form ITR-1 using the income tax department's Excel and Java utilities, it is recommended to utilise the online e-filing platform..
In this section, review the pre-filled information like income from salary/pension, interest income, and dividend and enter any remaining or additional details, including exempt income...
Rent arrears received by an assessee pertaining to a previous period are taxable in the year of receipt under the head "Income from House Property.".
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