Income Tax Department issued forms, know what you will need?

ITR-1: This form is for Indian citizens whose annual income is up to Rs 50 lakh. This income should be from salary, family pension, a residential property etc. Income from lottery or race course does not come under this category. On the other hand, ITR-1 is the correct form even if the income from agriculture is up to Rs 5,000. However, if you are a director in a company or have shares in an unlisted company, then you cannot fill this form.