Home / ITR-4 Return Filing
What is ITR-4 Return Filing?

It is basically a form of Income Tax Return and is for the taxpayers who have selected a presumptive scheme of income. The ITR 4 Form is for the taxpayers who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA, and Section 44AE of the Income Tax Act. This form is also called Sugam form and is mandatory to be filled by taxpayers eligible for it. This is, however, subject to the business turnover limit of INR 2 crores, exceeding which the taxpayer would be required to file ITR-3. Presumptive Taxation scheme is a scheme that exempts the small taxpayers from maintenance of books of accounts.

Who is eligible to use this Return Form?

Form ITR-4 is required to be filed by those individuals whose income comes from the following sources:

  • Resident Individuals or HUFs or Firms (other than LLP) having total income up to 50 lakh. (Non- Residents are not eligible to file ITR-4)
  • Business Income under Section 44AD/Section 44AE
  • By transmitting the data in ITR-4 SUGAM form electronically and then mailing (By post) the return in Return Form ITR-V to the Income Tax Office.
  • Income from the profession as per Section 44ADA
  • Income from one house property
  • Agriculture income upto Rs. 5,000/-
  • Income from other sources up to INR 50 lakhs
  • Income up to INR 50 lakhs from Salary/Pension
  • Form ITR-4 can also be filed by freelancers in case their income does not exceed INR 50 lakhs.
Who is not eligible to use this Return Form?
  • An individual having income from salary, house property or other sources above Rs 50 lakh cannot use this form.
  • An individual who is either a director in a company and has invested in unlisted equity shares cannot use this form.
  • An individual, HUF or partnership firm whose books of accounts should be audited under the Income Tax Act, 1961.
Documents required for ITR-4 filing
  • Permanent Account Number (PAN)
  • Aadhaar Number
  • GSTIN No. and turnover as per GST returns
  • Matchbook turnover with GST returns
  • Form 16A & 16C (if any issued by deductor) and TDS certificate
  • Form 16 from the employer. An employee who has changed the job in Financial Year can have 2 or more form 16.
  • TDS certificate from the employer
  • Match tax details with 26 AS
  • Statement of interest paid on house loans
  • Interest statements showing interest earned on the savings bank account and fixed deposits
  • Proof of tax-saving investments/expenses (80C to 80U)
  • Other investment documents, such as a statement of interest paid on education loan, etc.
  • Bank account details with IFSC code
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