ITR-4 From Filing
ITR-4 SUGAM Form Filing – Income Tax Return
The ITR-4 Form can be used by Individuals, Hindu Undivided Families who are running a business with turnover of less than ₹ 2 Crores and Professionals with gross receipts exceeding ₹ 50 Lakhs, provided they have opted for the presumptive income scheme as per Section 44AD ,Sec 44ADA and Section 44AE of the Income Tax Act.
ITR-4 SUGAM Form Filing
ITR-4 form can be used for filing IT return under the Presumptive Taxation Scheme if business turnover is less than Rs.2 crores if professional income is less than Rs.50 lakhs. Rs.7500
Eligibility
ITR-4 return is filed by taxpayers running a small business with a turnover of less than Rs.2 crores opting for Presumptive Taxation Scheme.
Penalty
The penalty for late filing income tax return is Rs.5000 – if filed before 31st December and Rs.10,000 – if filed before 31st
STANDARD
RS2899
Income tax return filing for a taxpayer with taxable income of less than Rs.10 lakhs.