Itr 1 Form 2016-17

What is itr 1 form 2016-17?

The itr 1 form 2016-17 is a document that taxpayers in India need to fill out and submit to the Income Tax Department. This form is specifically designed for individuals who have earned income through salary, pension, or income from a single house property. It is important to accurately fill out this form as it helps the government assess the tax liability of the individual.

What are the types of itr 1 form 2016-17?

The itr 1 form 2016-17 comes in different types depending on the source of income. The main types of itr 1 forms for the year 2016-17 are as follows:

Income from Salary/Pension
Income from One House Property
Income from Other Sources

How to complete itr 1 form 2016-17

Completing the itr 1 form 2016-17 is a straightforward process. Here are the steps to follow:

01
Gather all the necessary documents such as Form 16, salary slips, and other income-related documents.
02
Fill in the personal information section, including name, address, and contact details.
03
Provide details of your income from salary, pension, or other sources as applicable.
04
Include details of any deductions or exemptions that you are eligible for.
05
Reconcile your TDS (Tax Deducted at Source) with the Form 26AS and make necessary adjustments.
06
Compute your total income and tax payable.
07
Verify the form and sign it before submitting it to the Income Tax Department.

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Questions & answers

No, you cannot file an ITR for the last three years together, that is, in one year. Before diving into this topic let us clarify the difference between a financial year and an assessment year.
Step 1: Go to the e-Filing portal homepage and click e-Verify Return. Step 2: On the e-Verify Return page, enter your PAN, select the Assessment Year, enter Acknowledgment Number of the ITR filed and Mobile Number available with you and click Continue.
2. Online: Enter the relevant data directly online at e-filing portal and submit it. Taxpayer can file ITR 1 and ITR 4 online. PAN will be auto-populated. Select 'Assessment Year' Select 'ITR Form Number' Select 'Filing Type' as 'Original/Revised Return' Select 'Submission Mode' as 'Prepare and Submit Online'
Step 1: Visit the official income tax e-filing portal and click on “Login Here.” Step 2: Enter your user ID, password, and the security code to sign in to your account. Step 3: On the next page, click on “View Returns/Forms.” Step 4: You will be redirected to another page, where you will need to enter your PAN.
Answer: Yes, electronically filed tax returns are accepted until November.
Filing ITR for Previous Years According to the Finance Act 1987 amendment, you can file your belated IT return anytime on or before 1 year from the end of the relevant Assessment Year (AY). Example, for the AY 2016-17, the timeline to file a belated return was on or before 31 March 2018.