Taxpayers must pick the right form while filing their Income Tax return (ITR). If a wrong form is filed then the return will be termed as 'defective' by the Income Tax department and a revised return will have to be filed. Individuals whose total income for the financial year 2018-19 does not exceed Rs 50 lakh are required to file form ITR-1 or 'Sahaj'.Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
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