Taxation - Direct Tax
Income Tax - Filing of ITR 4-Sugam
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Filing of ITR - 4 or Sugam
• Business income according to the presumptive income scheme under section 44AD or 44AE
• Professional income according to presumptive income scheme under section 44ADA
• Income from salary or pension up to Rs.50 lakh
• Income from one house property, not more than Rs.50 lakh (excluding the amount of brought forward loss or loss to be carried forward)
• Income from other sources having income not more than Rs.50 Lakh (excluding income from lottery and race-horses )
Please note that any individual earning income from the above-mentioned sources as a freelancer can also opt for a presumptive scheme if their gross receipts are not more than Rs.50 lakhs.
Presumptive income scheme under sections 44AD, 44AE and 44ADA is when an individual or an entity opts to derive its income on a presumptive basis, i.e. when the income is presumed at a minimum rate based on a percentage of gross receipts / gross turnover or based on ownership of commercial vehicles. However, if the business turnover exceeds Rs 2 crore, the taxpayer will have to file ITR-3.
Who cannot use ITR 4 Form?
• If your total income exceeds Rs 50 lakh
• Having income from more than one house property
• If you have any brought forward loss or loss to be carried forward under any head of income
• Owning any foreign asset
• If you have signing authority in any account located outside India
• Having income from any source outside India
• If you are a Director in a company
• If you have had investments in unlisted equity shares at any time during the financial year
• Being a resident not ordinarily resident (RNOR) and non-resident
• Having foreign assets or foreign income
• If you are assessable in respect of the income of another person in respect of which tax is deducted in the hands of the other person.
Registration Pricing
- 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 – Presumptive Income
Basic
Rs. 10000/-
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Validation of Data provided by assessee with AIS/TIS
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Validation of Data provided by assessee with 26AS
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Preparation of Statement of Total of Total Income
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Preparation of ITR
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Uploading json
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Generation of Acknowledgement
Professional
RS. 15000/-
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Validation of Data provided by assessee with AIS/TIS
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Validation of Data provided by assessee with 26AS
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Preparation of Statement of Total of Total Income
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Preparation of ITR
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Review by Professional
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Uploading json
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Generation of Acknowledgement
Documents to be Provided
2. Details of Other sources of Income other than Business
3. Income from Other Sources in the attached Format
4. Home Loan Final Interest Certificate from Bank/Financial Institution
5. In case of Capital Gains from Shares & Mutual Funds-Capital Gain Statement in Excel from respective trading house.
6. Audited Profit & Loss Account and balance Sheet both with detailed schedules
7. Filed and verified Form 3CD along with annexures
Our Registration Process
Complete our simple form
Submit Documents
Verification of Documents
Preparation of file process
