+91-9959253566 kondetiandco@gmail.com

Admin Login


	Home About Us Team Services Startup Registration Business Licences Income Tax Returns GST Audit Service Corporates and loans Payroll Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Careers Admin Login Email Login Time Sheet Contact Us

ITR-4

In accordance with Sections 44D, 44DA, and 44AE of the Income Tax Act of 1961, taxpayers who have chosen the Presumptive Taxation Plan must complete Form ITR 4. However, this is contingent on the business turnover cap; if the turnover exceeds Rs. 2 crore, the taxpayer must file ITR 3 Form.

Who is Eligible to file Form ITR 4?

ITR 4 Forms must be submitted by people whose income is derived from the sources listed below:
Business Income as defined by Sections 44AD and 44AE.
Professional income as defined by Section 44ADA.
Up to Rs. 50 lakh in salary or pension income.
Revenue from a single-family home of up to Rs. 50 lakh (that does not include the brought forward loss o loss that is to be brought forward under this head)
Other sources of income up to Rs. 50 lakh (does not include winning from lottery or horse races)
If their income does not exceed Rs. 50 lakh, freelancers may also file Form ITR 4.

The structure of Form ITR-4 is as follows:

Part A: General Information
Part B: Gross total income under the five heads of income
Part C: Deductions and Total Taxable Income

Schedule BP: Details of Income from Business
Schedule 80G: Details of Donations entitled for deduction under Section 80G
Schedule IT: Statement of payment of advance tax and tax on self-assessment
Schedule- TCS: Statement about Tax Collected at source
Schedule TDS1: Statement of Tax Deducted at Source on Salary
Schedule TDS2: Statement of tax deducted at source on income apart from salary
Verification Scheme

The following individuals need to file ITR-4:

Has assets or a financial interest in a firm outside of India;
Is a director of a company;
Is the owner of any unlisted equity shares at any point in the last year.
Has earnings from a business or profession that is not needed to be computed under sections 44AD, 44ADA, or 44AE, such as income from a speculative business, commission, brokerage, etc.
Has signing authority in any account outside India.
Has income from a source located outside India.
Making capital gains;
Having income from more than one residential property;
Winning the lottery or at horse races;
Being subject to special tax rates under Sections 115BBDA or 115BBE;
Having income subject to Section 5A allocation;
Having agricultural income above INR 5,000.
Has joint ownership in house property.
Has a loss under "income from other sources"
Has a claim for relief under Sections 90, 90A, or 91
Has a claim for a deduction under Section 57 (except for a deduction related to a family pension)
Has a claim for a tax credit that has been deducted at source in the hands of another person
Has joint ownership in real estate.

Documents Required For ITR-4 Return Filing:

Bank Statement for the period starts from 1st April to 31st March.
PAN card details of the individual.
Aadhaar card of the authorized signatory

15542 Times Visited

Disclaimer:- Your access to this website constitutes your agreement to be bound by all terms and conditions listed herein below. If you do not agree to this, you may not access or otherwise use the website..
Read More