Simple ITR-1 form not for those paying Rs 1 lakh in electricity bill, owning house jointly

Returns in ITR-1 Sahaj can be filed by an ordinarily resident individual whose total income does not exceed Rs 50 lakh, while Form ITR-4 Sugam is meant for resident individuals, HUFs and firms (other than LLP) having a total income of up to Rs 50 lakh and having presumptive income from business and profession.

from Personal Finance News-Wealth-Economic Times https://ift.tt/39Q2MkG