Form No. ITR-4 (SUGAM) - For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE.
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Presumptive income return form ITR-4 SUGAM streamlines reporting for eligible taxpayers with business, profession and tax credits. ITR-4 SUGAM prescribes the return form for resident individuals, HUFs and firms other than LLPs with total income up to the prescribed limit and presumptive business or professional income under sections 44AD, 44ADA or 44AE. The form requires disclosure of general particulars, filing status, tax-regime option, income under business, salary or pension, house property and other sources, along with deductions under Chapter VI-A, tax credits, advance tax, self-assessment tax, TDS, TCS, bank account details and verification. It also provides schedules for presumptive income, GST turnover and business financial particulars.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Presumptive income return form ITR-4 SUGAM streamlines reporting for eligible taxpayers with business, profession and tax credits.
ITR-4 SUGAM prescribes the return form for resident individuals, HUFs and firms other than LLPs with total income up to the prescribed limit and presumptive business or professional income under sections 44AD, 44ADA or 44AE. The form requires disclosure of general particulars, filing status, tax-regime option, income under business, salary or pension, house property and other sources, along with deductions under Chapter VI-A, tax credits, advance tax, self-assessment tax, TDS, TCS, bank account details and verification. It also provides schedules for presumptive income, GST turnover and business financial particulars.
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