ITR-4 Return Filing

Income Tax Return Filing ITR-4

Any individual, HUF, or partnership firm wishing to be eligible to offer its income on a presumptive basis may use ITR 4, also known as Sugam. A taxpayer is assumed to have earned a minimum income under the presumptive taxation system, which is stated as a percentage of their business or profession's total earnings or as a fixed sum based on the number of commercial cars they possess. Please be aware that an LLP is not entitled to use ITR 4 but can use ITR 4 if it is eligible for presumptive taxation. Only those who are residents for income tax purposes may utilise this Form.