ITR-4 SUGAM Form Filing – Income Tax Return

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The ITR-4 form can be used by individuals, Hindu undivided families, which are doing business with less than 500 million businesses and professional s with over gross receipts are more than 50 lakhs, provided that they are in the form of Section 44AD According to the option of the estimated income scheme, sec 44ADA and Section 44AE of the Income Tax Act.


Income Tax Returns ITR-4 SUGAM Forms

The ITR-4 SUGAM form can be filed under any of the following four ways:

1.Filing in a paper form – Applicable only for individuals and/or persons / HUFs older than 80 years, whose income is Rs. No more than 5 million and refund is not claimed.
2.Online filing by using digital signature certificate.
3.Broadcast the data electronically under electronic verification code in ITC-4 SUGAM.
4.ITR-4 transmits the data to SUGAM and then returns the return form ITR-V to the income tax office by post (by posting returns).

As per the fourth law, the applicant will have to fill the acknowledgment in ITR-V to fill the ITR-4 SUGAM form. After preparing ITR-V, the assessee should print two copies of the form ITR-V. A copy of the ITR-V duly signed by the assessee, post bag number 1, electronic city office, Bengaluru-560100 (Karnataka) is to be sent by ordinary post. The other copy can be maintained by the assessee for its record.

Presumed Taxation Plan for SMEs

From the financial year 2016-17, businesses with business up to Rs. 2 crore can be registered under the presumed taxation plan. For the financial year 2016-17, the tax rate fixed for tax under the CEM is 8%. Therefore, if a business has a total turnover of Rs.1 crore in 2016-17, the income for tax will be Rs.4 lakhs. Apart from this, although the minimum amount of tax is determined by the determination of the eligible scheme, there is no upper limit. Therefore, the taxpayer can voluntarily declare more income when compiling gross receipts or compulsory 8% of total turnover while filing returns of income tax returns. So, it depends on the discretion of the business owner to declare that profit margin in business is more than 8% mandatory or not.

Projected Taxation Plan for Professionals

The presumptive taxation plan has also been extended to the professionals. However, those who wish to enroll under the pro-estimate taxation scheme should have gross receipts of professional services not exceeding Rs 50 lakh in the financial year. For nominated professionals under the presumed taxation plan, 50% of the total receipts of the professional during the financial year will be treated as profit and will be taxed under the income and principal of the income tax, “business or profession”. For example, if a professional has a total income of Rs 30 lakh from the profession, then the taxable income under the presumed taxation plan will be Rs.15 lakh.

Similar to the presumptive taxation plan for SMEs, professionals can also declare more than 50% of the compulsory income of the total receipts. In addition, while calculating the income under the presumed taxation plan, professional partners can claim deduction in relation to the paid wages and interest paid. However, with the depreciation on professional property, the sections 30 to 38 will not be eligible to claim deduction.

Projected Taxation Plan for Transporters

For the transporters, the presumptive taxation plan can be availed by the persons who run, hire or lease freight trains. 10 persons with less cargo than the carrier can nominate for transporters under the presumed taxation plan. Under the presumed taxation plan for transporters, the nominee taxpayers can calculate 7,500 for all types of cargo vehicles, heavy or light, for every month (or a month’s share).


all inclusive fees

  • Income tax return filing for a taxpayer with taxable income of less than Rs.10 lakhs.

all inclusive fees

  • Income tax return filing for a taxpayer with taxable income of less than Rs.25 lakhs.

all inclusive fees

  • Income tax return filing for a taxpayer with taxable income of more than Rs.25 lakhs.

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Who can use the ITR-4 form?

ITR-4 should be filed by those individuals / HUFs and professionals, who have opted for an estimated income scheme in accordance with Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act.

Who should not file an ITR-4 form?

ITR-4 can not be filed by taxpayers who fall into the following categories:

1.With more than Rs. 2 million
2.Professional with gross receipts Rs. 5 million

ITR-3 should be filed in the above cases.

Companies can not file ITR-4 because it is applicable only to individuals / HUFs and professionals. Companies must file ITR-6 or ITR-7 on the basis of applicability.

When should the ITR-4 be filtered?

The ITR-4 form is used when the assessee’s income falls into the following categories:

1.According to the income from the profession and Section 44 ADA, the option of an estimated income scheme is selected.
2.Income from proprietary business and opted for an estimated income scheme according to Section 44 AD or Section 44AE
3.In addition to income from a profession or proprietary business, returns may include income from house property, salary / pension and other sources.

What is the due date for filling the ITR-4 form?

The due date for filing income tax returns for individuals is July 31 and 30 September for the traders.

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