ITR-4S Form for Presumptive Taxation Scheme [Discontinued]

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By Hiral Vakil on March 7, 2019

What is ITR-4S?

ITR-4S (Sugam) was for those taxpayers who had opted for the presumptive taxation scheme under Section 44AD, 44ADA or Section 44AE. It was introduced in FY 2010-11 (AY 2011-12). ITR-4S has been discontinued from FY 2016-17 (AY 2017-18). From FY 2016-17 onwards, you need to file ITR-4 instead of ITR-4S.

Who can file ITR-4S?

This return can be used untill FY 2015-16 by an individual/HUF whose total income includes:

  • Income from Presumptive Business or,
  • Income from Profession or Freelancing or,
  • Salary/Pension Income or,
  • Income from one House Property (excluding cases where losses are brought forward from previous year) or,
  • Income from Other Sources (Excluding Winning from Lottery and Race Horses).

Who can not file ITR-4S?

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

  • Income from more than one House Property or,
  • Winning from Lottery and Race Horses or,
  • Income from Capital Gains or,
  • Agricultural income exceeding Rs.5000 or,
  • Income from speculative business or,
  • Income from Foreign Sources and/or having any Foreign Asset.
ITR Forms, TDS Certificate, Tax Credit Statement and Filing

Structure of ITR-4S

Part/ Schedule Heading Fields
PART A- GENERAL Personal Information Name, Address, Date of Birth, PAN, contact details etc.
Filing Status Employer Category, Residential status, Return filed under section etc.
PART B Income And Deduction Income from Business, Salary, House Property, Other Sources. 
PART C Deduction under Chapter VI-A Deductions under section 80C, 80D, 80E, 80G, 80TTA etc.
PART D Tax computation Break up of Tax, Interest, Cess, Rebate etc.
Schedule 44AE Calculations of Profits and Gains of Business of plying, hiring or leasing goods carriage Period of Holding, Income per Vehicle, Deemed Income
Schedule NOB BP Nature of Business. If more than one business, indicate the three main activities/ products. Nature of Business, Computation of Presumptive Income under 44AD and 44AE. Financial Particulars of Business. 
Tax Details TDS1: Details of Tax Deducted at Source from SALARY TAN of Employer, Employer Name, Tax 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.
Tax Details TCS: Details of Tax Collected at sources Tax collection Account Number, Name of Collector, Tax Collected, Amount Claimed.
Tax Details IT: Details of Advance Tax and Self Assessment Tax Payments BSR Code, Date of Deposit, Chalan Number, Tax Paid. 
Taxes paid and verification Taxes Paid Advance Tax, Self Assessment Tax, TDS.
Details of all Bank Accounts held in India at any time during the previous year IFSC, Name of Bank, Account Number, Bank Account Type.
80G Details of donations Name of Donee, Address, City or District, State Code, PAN of Donee, Amount etc.

What are the documents required to file ITR-4S?

Following are the documents required:

Essential documents:

  • PAN (Permanent Account Number)
  • Bank account details
  • TDS certificates
  • Counterfoils of taxes paid
  • Details of original return if filing revised return
  • Details of notice if filing in response to a notice

Documents on the basis of your type of Income:

  • Salary Income
    • Form-16/ Salary slips received from an employer
    • Pension statement/passbook.
  • House/Property Income
    • Address of the property,
    • Co­owner details in case the property is co­owned,
    • In case of house/property loan ­ Interest certificates/repayment certificate from a bank,
    • In case of let out property – Rent agreement
  • Business / Profession
    • Profit & Loss statement
    • Balance Sheet
    • Supporting documents for expenses incurred
    • Bank account statement/Passbook
    • Cash register
    • Any other documents required to maintain the books of accounts of a business & profession
  • If you’re eligible for any Tax Breaks, you may need to acquire the relevant documents from the list:
    • PPF account statement/Passbook
    • Fixed deposit certificates/statements
    • Mutual fund NAV statements
    • ELSS/ULIP/NSC investment details
    • Life insurance premium receipts
    • Medical insurance premium receipts
    • House/property loan interest certificate/repayment statement
    • Education loan interest certificate/repayment statement
    • Tuition fees receipts
    • Donation receipts

How to file the ITR-4S?

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

  • Have income of more than Rs. 5 Lakhs.
  • Have any assets outside of India, including financial interest in any entity; or signing authority in any account outside of India.
  • Those claiming relief under Section 90/90A/91 to whom Schedule FSI and Schedule TR apply.

In case of Physical submission:

  • You can submit the ITR-4S in paper form or
  • You can submit the barcoded return form duly filled.

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

In case of Online / Electronic submission:

  • You can prepare and submit the ITR-4S online from Income Tax E-filing Website by digitally signing the same or,
  • You can prepare and submit the ITR-4S online and e-verify it subsequently or send the signed verification of filed return in ITR-V to Central Processing Center Bangalore within 120 days of filing.
  • Prepare return using Income Tax Return Preparation Utility offline and submit ITR-4S online and verify it.