ITR - 4 Sugam - Income Tax Return

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ITR-4 Form is the Income Tax Return form for those taxpayers, who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act. Do It Yourself or Take Tax Assistance for ITR-4 filing.

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Do It Yourself

(Plan A – FREE)
COVERS INCOME FROM
  • Salary Income
  • Deductions
  • 80 G Donations
  • Withdrawal from PF & Deposits

CA Assisted Filing

(Plan B – Rs 999/-)
COVERS INCOME FROM
  • Included “Plan A”
  • Your data reviewed and corrected by CA
  • Suggestion on best tax saving options
  • Post return filing support

All Plan Includes

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Comprehensive review of your online tax return

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Get Expert CA Tax Assistance for Income Tax India efiling Services

You can get Income Tax India efiling services in India and prepared by Our CA Tax Experts who can handle any Income from Salary, House Property, Rental Property, Capital gains and Losses. Take our service for Income Tax efiling in India, if

  •   Returns Not filed for last Year
  •   Changed job and have multiple form 16
  •   Tax Paid overseas and want refund
  •   Sold house and reinvested the money
  •   Have income from multiple House Property
  •   Invested in Mutual funds, Shares or Sold a house
  •   Forgot to submit Form 12BB to new employer while joining
  •   Got an Income Tax Notice in current and previous years
  •   Submitted tax proof but missed by Payroll Company and paid extra tax

All about ITR-4 Sugam Income Tax Return

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Who can use ITR 4s Sugam Return Form?

ITR 4s Sugam Return Form is applicable to Individual, HUF, Firm, ITR 4s Sugam Return Form is the return form for those taxpayers, who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE and whose income is not more than Rs 50 lakh or business owners with a presumptive salary, pension, or business income in addition to income from a property as well as income from other sources for IT returns.

This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income for the assessment year 2019-20 includes:-

  1. Business income where such income is computed in accordance with special provisions referred to in sections 44AD and 44AE of the Act for computation of business income; or
  2. Income from Profession where such income is computed in accordance with special provisions referred to in sections 44ADA; or
  3. Salary/ Pension; or
  4. Income from One House Property (excluding cases where there is brought forward loss or loss to be carried forward under this head); or
  5. Income from Other Sources (excluding Winning from Lottery and Income from Race Horses).

Note 1: The income computed on presumptive basis under sections 44AD or 44AE or 44ADA shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.

Note 2: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.

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How to file ITR-4 form with us

Step by Step ITR-4 efiling

Step 1

Login / Register with us

Scroll on cursor on the Top and then click on the Blue button (Login / Register).  If you are a new user, it will take less than 30 seconds for registration. If you are already a register user, please login with your ID and Password.

Step 2

Select your Service

After Registration, Select the best service you like to take on the Dashboard, click on ITR-4 Sugam on dashboard

Step 3

Enter your Details

After clicking ITR-4 Sugam, you will be required to enter details in the formEnter the required details and upload form 16.

Step 4

Make Payments

After submitting the details and uploading details, make the payments using debit / Credit cards.

Step 5

Income Tax return filed online within 24 working hours

Post receiving the payments and all the required data, we will file your return within 24 working hours.

Why Tax payers are filing ITR-4 Sugam in India with us

25

Years of
Experience

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Successful
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Clients & Counting

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Clients & Counting

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We do Quick & Accurate Income Tax efiling in India, as our customers acknowledge us as a Trusted Tax Partner in India. For Income Tax efiling in India, just Upload Form-16 and other details and we will efile taxes with 100% Accuracy within 48 hours.We assure of Maximum income tax refund, guaranteed with our Tax Assisted plan. We are authorised by Income Tax Department (ITD) as e-return intermediary and Tax return preparer in India.

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ITR - 4 Sugam Frequently Asked Question

  • Who can file ITR 4 Sugam?
  • The ITR4 Form is the Income Tax Return form for those taxpayers, who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act. However, if the turnover of the business mentioned above exceeds Rs 2 crores, the taxpayer will have to file ITR-3
  • Who can use ITR 4?
  • ITR4 Form is the Income Tax Return form that is used by those taxpayers who have opted for the presumptive income scheme as under Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act, 1961
  • Who can file ITR – 4 and ITR 4s?
  • ITR4 is to be filled by individuals/HUFs/small businesses having income from proprietary businesses or profession. In case the presumptive income method is applicable to you, you must file ITR4S.
  • What is the difference between ITR 3 and ITR 4?
  • Form ITR 4 needs to be filed by those who opt for presumptive income like professionals, doctors, film stars, etc. The only difference between ITR 3 and ITR 4 is that ITR 3 is applicable only if individual/HUF has no income from proprietary business or profession, whereas ITR 4 is applicable in such cases.
  • Who can file ITR-4?
  • ITR-4s is a special case ITR, applicable for businesses where income is calculated on ‘presumptive method’. As per presumptive method – net income is estimated to be 8% of gross receipts (Section 44AD of the income tax act) or Rs 7,500 per month for each vehicle where the taxpayer is plies, leases or hires trucks (Section 44AE of the income tax act). This is a special scheme of income tax department – those who opt for this scheme – do not have to maintain accounting records.
  • Conditions to file ITR4 Form?
  • You need to meet the following conditions to file ITR-4S –
    • Your gross receipts or turnover must be less than Rs. 1 crore.
    • You must be resident of India.
    • You may be an individual, a HUF or a partnership firm but not a company.
  • What is difference between ITR 4 and ITR 4s?
  • ITR 4 – For Individuals and HUFs Having Income From Proprietary Business or Profession
  • ITR – 4S (SUGAM) – For Individuals And HUFs Having Income From Presumptive Business
  • What is Business Income on Presumptive Basis under section 44AD?
  • As per the provisions under Section 44AD, computed presumptive income (6% or 8% of gross receipts or turnover of the eligible business for the previous year) is considered as the net income for the business covered under the presumptive taxation scheme.
  • Who all cannot use to fill ITR-4?
  • Person who has any claims of loss/deductions/relief/tax credit etc. of the following nature:-
    • (a) Any brought forward loss or loss to be carried forward under any head of income;
    • (b) Loss under the head ‘Income from other sources’
    • (c) Any claim of relief under section 90, 90A or section 91
    • (d) Any claim of deduction under section 57, other than deduction under clause (iia) thereof (relating to family pension); or
    • (e) Any claim of credit of tax deducted at source in the hands of any other person.
  • Who is not eligible to use ITR 4 Return Form?
  • This Return Form should not be used by a person who –
    • (a) Is a Director in a company
    • (b) Has held any unlisted equity shares at any time during the previous year
    • (c) Has any asset (including financial interest in any entity) located outside India
    • (d) Has signing authority in any account located outside India; or
    • (e) Has income from any source outside India.
  • Is it mandatory to fill balance sheet in ITR 4?
  • Section 139(9) mandates reporting of only turnover/ gross receipts, gross profit, expenses, net profit, total debtors, creditors, stock in trade and cash balance as at the end of financial year, for the return to treated as valid return of income.
  • SUGAM form is not Mandatory?
  • ITR-4 Form (Sugam) is a simplified return form to be used by an assessee, at his option, if he is eligible to declare profits and gains from business and profession on presumptive basis under section 44AD, 44ADA or 44AE. However, in case the assessee keeps and maintains all books of accounts and other documents referred to in section 44AA, and also gets his accounts audited and obtains an audit report as per section 44AB, filling up the Form ITR-4 (Sugam) is not mandatory. In such a case, other regular return forms viz. ITR-3 or ITR-5, as applicable, should be used and not this Form.
  • Where can I download ITR-4?
  • You can download ITR-4 form online at efiler.in, click on the Link and you can download ITR-4 form
  • What documents should be attached in ITR-4 SUGAM form?
  • No document (including TDS Certificate) should be attached to this Return Form. All such documents enclosed with this Return Form will be detached and returned to the person filing the return.

Why it is important to do Income Tax efiling in India

Avoid late fees under Section 234F
Avoid a maximum penalty of Rs 10,000, if your total income exceeds Rs 5 lakh.

Avoid Tax Notices
Taxpayers are often served notices from the IT department for delayed & missed return submissions.

Build Financial Documentation
Your Tax Return documents are proof of your financial investments and will be useful when you apply for a loan or a visa.

Carry Forward your losses
You can carry forward losses against house property and depreciation.

Income Tax Refund
You can claim tax refund; the earlier you file the sooner you will get the refund.

Quick Visa processing
Most embassies and consulates require you to submit IT returns for the last 3 years.

Post Tax Filing Support

Intimation Service

Did you received demand notices under section 143(1) or Defective Returns under section 139(9). We can support you.

Tax Refund Reissue

Still waiting for refund? We solve all refund related problems using this simple and efficient service.

Previous Year Tax Filing

Forgot to file Income Tax return for last years. We can help you in efile all your Previous year Return online.

We offer more then Tax filing Services

Investment Proof Validation

We can help you in validating employee Income Tax proof and can provide Portal access where employees can upload Tax proof and upload Year-end claims.

Form-16 Generation

Generate and distribute form 16 online to all your employees, we can help in generating form 16 and mail to your employees at a very low cost.

India Payroll Service

We can manage your payroll end to end, from Investment declaration to TDS submission to generating payslip, addressing employee queries.

Employee Tax Helpdesk

We can arrange and plan Tax help-desk for your employees, and conduct an interactive session on avenues for Tax saving and planning.

Company Registration

If your a start-up or want a new company registration, we can help you in online company registration and provide you MOA, AOA & COI.

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