ITR-4 (Sugam) Filing
**The Small Business Special:** For Individuals, HUFs, and Firms opting for the **Presumptive Taxation Scheme** (44AD/ADA/AE) with total income up to **₹50 Lakh**.
Our CAs simplify filings for small businesses and professionals using the presumptive method, ensuring quick and easy compliance.
Who Should File ITR-4?
Applicable to:
Resident Individual, HUF, or Firm (other than LLP)
Total Income is up to ₹50 Lakh
Opting for Presumptive Taxation Scheme under: Section 44AD (Business Income), Section 44ADA (Professional Income), or Section 44AE (Goods Carriage business)
Includes income from Salary, One House Property, and Other Sources
Key Documents Needed:
PAN Card & Aadhaar Card
Form 26AS and AIS
Bank Statements for turnover/gross receipts (to calculate presumptive income)
Documents for claiming deductions (Section 80C, 80D, etc.)
Not Applicable to: (Important Note)
Individuals whose income exceeds ₹50 Lakh
Non-residents (NR) or Not Ordinarily Residents (NOR)
Director in a company or those with Capital Gains (except certain types up to ₹1.25 Lakh)
Frequently Asked Questions
The scheme (under Sections 44AD/ADA/AE) allows small taxpayers to declare income at a minimum prescribed rate (e.g., 6% or 8% of turnover) instead of maintaining detailed Books of Accounts, simplifying the filing process.
ITR-4 is the 'Small Business Special' form, designed for Resident Individuals, HUFs, or Firms (other than LLP) with an income up to ₹50 Lakh who opt for the Presumptive Taxation Scheme.
No. ITR-4 is for Individuals, HUFs, or Firms (other than LLP). LLPs must file ITR-5.
Yes. While you don't need full financial statements, bank statements are required to verify the turnover/gross receipts necessary to calculate your presumptive income.