Answer

1. F

   Facts

   ITR-1 is for resident individuals with total income up to ₹50 lakh from salary or pension, up to two house properties, other sources like interest, long-term gains under Sec 112A up to ₹1,25,000, and agricultural income up to ₹5,000.

2. P

   Provisions and law

   • Rule 12, Income-tax Rules 1962 (now Rule 164, Income-tax Rules 2026)Prescribes the ITR forms and who must use which form.
   • Sec 112A, Income-tax Act 1961 (now Sec 198, Income-tax Act 2025)Long-term gains on listed equity; small amounts can be reported in ITR-1 for AY 2026-27.
3. A

   Analysis

   Your case fits ITR-1 if total income is under ₹50 lakh and you are resident and ordinarily resident. You cannot use ITR-1 if you are a director, hold unlisted shares, have foreign assets or income, or have losses to carry forward. Check each exclusion before filing.

4. C

   Conclusion

   1. 1Confirm resident and ordinarily resident status.
   2. 2Check total income is under ₹50 lakh.
   3. 3Check none of the exclusions apply.
   4. 4File ITR-1.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.