January 9, 2020

Joint property owners to file returns using simple forms

By Azlyrics

Rolling back its week old order, the Income Tax department on Thursday allowed joint owners of single house property to file income tax return using simple Form-1 (Sahaj) or Form-4 (Sugam). On Jan 3, it had debarred those who own house property in joint ownership and those who paid Rs 1 lakh in electricity bills or incurred Rs 2 lakh expense on foreign travel.