Sonwane Tax Consultant, Infront Of Union Bank Of India, SBI Road, Bahubali Square, seoni
MP, India
We reply in 24 hours
Mon-Fri , 08.AM -

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


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.


The penalty for late filing income tax return is Rs.5000 – if filed before 31st December and Rs.10,000 – if filed before 31st



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