File Presumptive Income withForm ITR-4
ITR-4 is used by eligible individuals who choose the presumptive taxation scheme to determine taxable business or professional income.
The supplied content covers business turnover below ₹2 crores, professional gross receipts below ₹50 lakhs, and income calculated under Sections 44AD, 44ADA, and 44AE.
Presumptive Taxation
ITR-4 is used by eligible taxpayers who choose the presumptive taxation scheme to calculate taxable income.
Business Turnover
The supplied content states that eligible business turnover should be below ₹2 crores for ITR-4 filing.
Professional Receipts
The supplied content states that eligible professional gross receipts should be below ₹50 lakhs.
Income up to ₹50 Lakhs
Salary, pension, one house property, and other-source income up to ₹50 lakhs may be included, subject to eligibility.
ITR-4 Filing Support
Presumptive eligibility, income calculation, tax computation, filing, and e-verification support.
Simplified Tax Reporting forEligible Taxpayers
ITR-4 is the return form used by eligible taxpayers under the presumptive income scheme provided under Sections 44AD, 44ADA, and 44AE of the Income Tax Act.
The presumptive taxation scheme allows eligible taxpayers to calculate taxable income using prescribed rules instead of maintaining and reporting detailed profit calculations in the usual manner.
Turnover and Receipt Limits
According to the supplied content, eligible business turnover should be below ₹2 crores and eligible professional gross receipts should be below ₹50 lakhs.
Sections 44AD, 44ADA and44AE
ITR-4 may be used where income is calculated under the applicable presumptive taxation section.
Section 44AD
Section 44AD provides a presumptive taxation framework for eligible businesses, subject to the applicable turnover and other conditions.
Section 44ADA
Section 44ADA provides a presumptive taxation framework for eligible professionals, subject to the applicable gross-receipt limit.
Section 44AE
Section 44AE applies to eligible taxpayers engaged in the business of plying, hiring, or leasing goods carriages.
Eligibility, Calculation andReturn Filing
The service covers turnover review, presumptive income calculation, additional-income review, tax computation, filing, and verification.
Turnover Review
Review business turnover or professional gross receipts against the presumptive taxation eligibility limits.
Income Calculation
Calculate income under Sections 44AD, 44ADA, or 44AE, depending on the taxpayer's activity.
Additional Income Review
Review salary, pension, one house property, interest, and other eligible income sources.
Return Filing
Prepare Form ITR-4, calculate tax, submit the return, and support e-verification.
ITR-4 Income andEligibility Conditions
ITR-4 may cover eligible presumptive business or professional income together with salary, pension, one house property, and other sources.
Business Income under Section 44AD
Eligible individuals with business income computed under the presumptive taxation provisions of Section 44AD may file ITR-4.
Professional Income under Section 44ADA
Eligible professionals who calculate income under Section 44ADA may use Form ITR-4.
Income under Section 44AE
Eligible income from the goods-carriage business calculated under Section 44AE may be reported in ITR-4.
Salary or Pension up to ₹50 Lakhs
Salary or pension income may be included where total income remains within the applicable ₹50 lakh limit.
One House Property up to ₹50 Lakhs
Income from one house property may be reported where the total-income conditions for ITR-4 are satisfied.
Other Sources up to ₹50 Lakhs
Eligible income from other sources, including interest income, may be included within the applicable income limit.
Salary, Property and Other Incomeup to ₹50 Lakhs
The supplied content states that salary or pension, one house property, and income from other sources may be included in ITR-4 where income is up to ₹50 lakhs and the remaining eligibility conditions are met.
From Eligibility Review toReturn Verification
The filing process covers presumptive eligibility, record collection, income calculation, additional-income review, form preparation, filing, and e-verification.
Check Presumptive Eligibility
Review the nature of business or profession, turnover or gross receipts, taxpayer category, and applicable presumptive taxation section.
Collect Income Records
Collect business receipts, professional receipts, bank statements, salary records, pension details, house-property information, and other income documents.
Calculate Presumptive Income
Compute the presumptive business, professional, or goods-carriage income under the applicable section.
Review Additional Income
Review salary, pension, one house property, interest, and other eligible income included in the return.
Prepare Form ITR-4
Enter personal information, presumptive income, deductions, taxes paid, bank details, and refund information.
File and Verify the Return
Submit ITR-4 and complete e-verification through the available verification method.
Choose a Plan Based onTaxable Income
Select the ITR-4 filing package that matches the taxpayer's taxable income and presumptive taxation review needs.
Basic
₹ 11,900
all inclusive fees
Taxable income of less than ₹10 lakhs
- ✓ITR-4 Income Tax Return Filing
- ✓Presumptive Taxation Eligibility Review
- ✓Business or Professional Income Review
- ✓Salary or Pension Income Review
- ✓One House Property Review
- ✓Other Source Income Review
- ✓Basic Tax Computation
- ✓Return Filing and E-Verification Support
Eco
₹ 13,500
all inclusive fees
Taxable income of less than ₹25 lakhs
- ✓ITR-4 Income Tax Return Filing
- ✓Detailed Presumptive Income Review
- ✓Section 44AD, 44ADA, or 44AE Review
- ✓Salary and Pension Income Review
- ✓House Property and Other Income Review
- ✓Deduction Review
- ✓Detailed Tax Computation
- ✓Return Filing and E-Verification Support
Pro
₹ 17,800
all inclusive fees
Taxable income of more than ₹25 lakhs
- ✓ITR-4 Income Tax Return Filing
- ✓Comprehensive Presumptive Taxation Review
- ✓Business Turnover or Professional Receipt Review
- ✓Section 44AD, 44ADA, or 44AE Computation
- ✓Salary, Pension, and Property Income Review
- ✓Other Source Income Review
- ✓Detailed Deduction and Tax Review
- ✓Comprehensive Tax Computation
- ✓Return Filing and E-Verification Support
- ✓The supplied content states that ITR-4 applies where an eligible taxpayer chooses the presumptive taxation scheme.
- ✓It includes business income with gross turnover below ₹2 crores and professional income with gross receipts below ₹50 lakhs, according to the supplied content.
- ✓The supplied content refers to Sections 44AD, 44ADA, and 44AE of the Income Tax Act.
- ✓Current presumptive taxation limits, ITR-4 eligibility, taxpayer categories, and filing rules should be checked for the relevant assessment year.
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