ITR-4 (SUGAM) Form for Presumptive Taxation Scheme

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Hiral Vakil

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ITR Documents
ITR-4
Presumptive Tax

The ITR-4 (SUGAM) form is for those taxpayers who have opted for the presumptive taxation scheme under Section 44AD, 44ADA or Section 44AE of the Income Tax Act.

However, if the turnover of the mentioned business exceeds Rs 2 crores (Rs. 50 lakhs in case of professionals), the taxpayer will have to file ITR-3. You can also download income tax utility from

For FY 2019-20, due to COVID-19 the due date for filing ITR has been extended to 30th November 2020 for all taxpayer.
Tip
For FY 2019-20, due to COVID-19 the due date for filing ITR has been extended to 30th November 2020 for all taxpayer.

Who can file ITR-4 (SUGAM)?

Individual/HUF/Partnership firm whose total income includes following can use this form:

File Your Tax Return

On Time , Online on Quicko.com

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File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

Who can not file ITR-4 (SUGAM)?

This Return Form cannot be used in case of the following incomes:

Earned Professional Income during the year?
Let our experts file ITR for you.
[Rated 4.8 stars by customers like you]
Earned Professional Income during the year?
Let our experts file ITR for you.
[Rated 4.8 stars by customers like you]

Understand ITR-4 (SUGAM)

Part/ Schedule Heading Fields
PART A- GENERAL Personal Information Name, Address, Date of Birth, PAN, contact details etc.
Filing Status Employer Category, Tax status, Residential status, Return filed under section etc.
PART B Income And Deduction Income from Business, Salary, Pension, House Property, Other Sources
PART C Deduction under Chapter VI-A Deductions under section 80C, 80D, 80E, 80G, 80TTA etc.
PART D Tax computation Breaking up Tax computation, Interest, Cess, Rebate etc.
Schedule NOB BP Nature of Business, If more than one business, indicates the three main activities/ products Nature of Business, Computation of Presumptive Income under 44AD, 44ADA and 44AE, Financial Particulars of Business
Schedule AL Details of Assets and Liabilities Details of an immovable asset, Details of a movable asset, Interest held in the asset of a firm or AOP etc.
Schedule IT Details of Advance Tax and Self Assessment Tax Payments BSR Code, Date of Deposit, Chalan Number, Tax Paid
Schedule TCS Details of Tax Collected at sources Tax collection Account Number, Name of Collector, Tax Collected, Amount Claimed
Tax Details TDS1: Details of Tax Deducted at Source from SALARY TAN of Employer, Employer Name, Ted Deducted, etc.
Tax Details TDS2: Details of Tax Deducted at sources from Income other than Salary TAN, Name of Deductor, Year of Deduction, Tax deducted, etc.
Check which ITR Form to file?
Income Tax Return Forms to file depends on your Income Source, Residential Status, and other financial situation. Know which ITR Form you should file.
Explore
Check which ITR Form to file?
Income Tax Return Forms to file depends on your Income Source, Residential Status, and other financial situation. Know which ITR Form you should file.
Explore

List of Documents Needed to file ITR-4

Acquire the given list of documents on the basis of relevant Incomes in order to indulge in a smooth filing process.

Essential documents:

Documents on the basis of your type of Income:

Earned Business Income during the year?
Let our experts file ITR for you.
[Rated 4.8 stars by customers like you]
Earned Business Income during the year?
Let our experts file ITR for you.
[Rated 4.8 stars by customers like you]

How to file the ITR-4?

You can either file your ITR-4 physically or electronically. Since Financial year 2013-14, electronic filing of ITR-4 has been made compulsory for the taxpayers who…

In case of Physical submission:

The department will provide you with an acknowledgment along with stamp of submission on your copy.

In case of Online / Electronic submission:

Sample ITR-4 Sugam
Download Sample from Income Tax Department
31st July
The due date to file ITR-4 (SUGAM) for Proprietors and Freelancers earning Business & Profession Income.
31st July
The due date to file ITR-4 (SUGAM) for Proprietors and Freelancers earning Business & Profession Income.

FAQs

Can NRI file ITR-4?

No. NRI can not file ITR-4. They need to file ITR-3 for income earned from Business & Profession.

My turnover from business is more than Rs. 2 Cr. can I file ITR-4?

No, since presumptive taxation scheme is only available to businesses having turnover up to Rs. 2 Cr. You can not opt for the Presumptive Taxation Scheme and file ITR-4.

Can I file ITR-4 if my professional receipts are more than Rs. 50 lakhs?

No. since presumptive taxation scheme is only available to professionals having receipts up to Rs. 50 lakhs. You can not opt for the Presumptive Taxation Scheme and file ITR-4.

Can I file ITR-4 after the due date?

Yes, ITR-4 can be filed after the due date. It will be considered as a belated return. And late filing fees will be levied while filing a belated return.

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