My name is Form 1- I am the form for very simple persons.
Who I am: I am ordinary resident (means mostly in India in current/last 7-10 years not going into technicalities). My income < 50 lac
My Incomes : Salaries -Yes, I can fill
My Incomes: House Property (but only rental from 1, No losses brought or to carry forward)- Yes, I can fill
My Incomes: Other Sources (but no loss under this, no winning from lottery, no race horse income, remember I am simple)-Yes, I can fill
My Incomes: Capital Gains, Business Income, Exempt Income/Agricultural Income> 5k: No way, I can’t do Form 1
I am complex sentence: I am a director, hold unlisted shares, have foreign assets/income. No way, Form 1 is not for me