Determining the residential status of a taxpayer is pivotal in Income Tax assessment, as it directly influences their tax liabilities. It’s important to note that residential status isn’t contingent upon citizenship.

Hindu Undivided Family, or HUF, stands as a distinct entity for Income Tax assessment purposes, offering tax advantages to its members.

Most individuals primarily derive income from salary, house property, and interest, rendering them eligible to file ITR-1 (SAHAJ).

If income emanates from multiple house properties, ITR-2 is applicable.

Additional documents required may vary depending on the taxpayer’s income situation. These documents do not need to be submitted to the Income Tax Department during the filing of the Income Tax Return since ITR forms are annexure-less.