ITR-1 has five sections that you need to fill before submitting it and one summary section where you are required to review your tax computation. The sections are as follows:
Here is a quick tour of the various sections of ITR-1:
Following is the e invoice procedure for applicable businesses who want to know how to generate e invoice –
3.1 Log in using OTP on registered Mobile Number /
email ID
Step 1: Go to the e-Filing Portal homepage and click Login.
Step 2: Enter your PAN in the Enter your User ID textbox and
click Continue.
Step 3: Confirm your Secure Access Message. Enter your Password and
Appearance by authorised representative.
288. (1) Any assessee who is entitled or required to attend before any income-tax authority or the Appellate Tribunal in connection with any proceeding under this Act otherwise than when required under section 131 to attend personally for examination on oath or affirmation, may, subject to the other provisions of this section, attend by an authorised representative.
51(2) For the purposes of this section, "authorised representative" means a person authorised by the assessee in writing to appear on his behalf, being—
(i) a person related to the assessee in any manner, or a person regularly employed by the assessee; or
(ii) any officer of a Scheduled Bank with which the assessee maintains a current account or has other regular dealings; or
Repairs and insurance of machinery, plant and furniture.
31. In respect of repairs and insurance of machinery, plant or furniture used for the purposes of the business or profession, the following deductions shall be allowed—
(i) the amount paid on account of current repairs thereto ;
(ii) the amount of any premium paid in respect of insurance against risk of damage or destruction thereof.
Explanation.—For the removal of doubts, it is hereby declared that the amount paid on account of current repairs shall not include any expenditure in the nature of capital expenditure.
