ITR-4, also known as Sugam, is a tax return form for individuals, Hindu Undivided Families (HUFs), and firms (other than LLP) who have income from a business or profession and prefer the presumptive taxation scheme under Section 44AD, 44ADA, or 44AE of the Income Tax Act. It is designed for taxpayers with a relatively simple income structure who want to report their earnings through a simplified process.
At STARTUP INDIA, we provide comprehensive services for ITR-4 Return Filing, ensuring that your returns are filed accurately and on time, minimizing your tax liabilities and ensuring compliance with tax laws.
Key Features of ITR-4
Presumptive Taxation Scheme: ITR-4 is specifically designed for individuals and businesses who qualify for the presumptive taxation scheme. Under this scheme, taxpayers can declare income at a specified rate, reducing the complexity of bookkeeping and tax calculation.
Simple Filing Process: ITR-4 simplifies the tax return filing process by allowing taxpayers to declare income on a presumptive basis rather than maintaining detailed accounts and books of records.
For Small Business Owners and Professionals: It is ideal for small business owners, freelancers, and professionals who do not have extensive accounting requirements and wish to file their taxes with minimal paperwork.
Income from Multiple Sources: ITR-4 allows you to report income from multiple sources, including business income, salary/pension, and other sources, all in one form.
No Audit Requirement for Small Business: For businesses with gross receipts of up to ₹2 crore (under Section 44AD), ITR-4 allows you to file returns without the need for an audit of books of accounts.
Pre-filled Data: Pre-filled information such as salary details, bank interest, and tax paid (TDS) helps in reducing manual errors and simplifies the filing process.
Basic
Accountant
Income Tax Return Filing
Tax Assist
Accountant & HR
GST Return Filing
TDS Return Filing
Income Tax Return Filing