ITR-4 Return Filing

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ITR-4 (Sugam) Filing Made Simple by N D Savla & Associates

Are you a small business owner, freelancer, or professional using the presumptive taxation scheme? The ITR-4 (Sugam) form is specifically designed for taxpayers who opt for simplified income estimation under Section 44AD, 44ADA, or 44AE of the Income Tax Act.

At N D Savla & Associates, a trusted CA firm in Mumbai, we provide accurate, timely, and compliant ITR-4 return filing services for eligible individuals, HUFs, and small firms. With years of experience in presumptive income taxation, we make your return filing smooth and stress-free.

What is ITR-4 (Sugam) Form?

ITR-4 Sugam is the income tax return form applicable to:

  • Individuals

  • Hindu Undivided Families (HUFs)

  • Firms (other than LLPs)

who have opted for the presumptive taxation scheme under:

  • Section 44AD (Small businesses)

  • Section 44ADA (Professionals)

  • Section 44AE (Goods carriage operators)

It simplifies the tax filing process by allowing you to declare income at a fixed rate, without maintaining detailed books of accounts.

What is Presumptive Taxation?

The Presumptive Taxation Scheme allows small taxpayers to compute income on a prescribed percentage of turnover or receipts, without the need to maintain books of account or get an audit done. Here’s a quick summary:

Section 44AD – Small Businesses

  • Applies to resident individuals, HUFs, and partnership firms (excluding LLPs)

  • Business turnover must not exceed ₹2 crores

  • Income presumed at 8% or 6% of gross receipts

Section 44ADA – Professionals

  • Applies to resident individuals engaged in specified professions (e.g., doctors, lawyers, architects)

  • Gross receipts must not exceed ₹50 lakhs

  • Income presumed at 50% of total receipts

Section 44AE – Transport Businesses

  • Applicable to individuals, HUFs, or firms owning not more than 10 goods vehicles

  • Income is presumed based on vehicle type and ownership duration

Eligibility for ITR-4 Filing

You can file ITR-4 (Sugam) if:

  • Your total income is up to ₹50 lakhs

  • You have income from any of the following:

    • Salary or Pension

    • One House Property

    • Income from Other Sources (like interest or family pension)

    • Business income under Section 44AD or 44AE

    • Professional income under Section 44ADA

The ITR-4 form is designed to simplify tax compliance for small taxpayers by assuming certain expenses and deductions.

Who Cannot Use ITR-4 Sugam?

You should not use ITR-4 if:

  • You are a company director

  • You held unlisted equity shares during the year

  • You have foreign income or foreign assets

  • You have a signing authority in a foreign bank account

  • Your business income is not under presumptive taxation

  • You have more than one house property

  • You earned capital gains or lottery winnings

  • You claim deductions or losses not allowed under Sugam

  • Your agricultural income exceeds ₹5,000

  • You want to carry forward previous year losses

 In such cases, you must file ITR-3 or ITR-5 depending on your circumstances.

ITR-4 Filing Due Date (AY 2024–25)

  •  Due Date: July 31, 2024 (Non-audit cases)

  • Penalty for Late Filing:

    • ₹1,000 (if income < ₹5 lakh)

    • ₹5,000 – ₹10,000 (if income > ₹5 lakh)

Avoid penalties and notices—file your ITR-4 return on time with the help of expert Chartered Accountants.

Structure of the ITR-4 Form

The ITR-4 Sugam return is structured into the following parts:

 Part A – General Information

PAN, Aadhaar, name, address, contact info, filing status

 Part B – Gross Total Income

Income from:

  • Business (presumptive basis)

  • Salary or Pension

  • One House Property

  • Other Sources (interest, family pension)

 Part C – Deductions and Total Income

Claim deductions under Sections 80C, 80D, 80G, etc., and arrive at total taxable income.

 Part D – Tax Computation and Status

Includes:

  • Tax payable

  • Advance tax, self-assessment tax

  • Rebate, cess, surcharge

  • Refunds (if any)

 Schedules (if applicable):

  • Schedule TDS1/TDS2 – TDS on salary/other income

  • Schedule IT – Advance/self-assessment tax

  • Schedule TCS – Tax collected at source

No documents or annexures are required while filing ITR-4. However, keep all proofs for record-keeping and audit.

Why Choose N D Savla & Associates for ITR-4 Filing?

As a leading Chartered Accountant in Mumbai, we bring over two decades of experience in handling presumptive taxation and small business tax matters.

Here’s why clients choose us:

  • Accurate Filing
    We thoroughly review eligibility and ensure your ITR-4 is filed correctly—no errors, no delays.
  • Presumptive Scheme Expertise
    We understand the nuances of Sections 44AD, 44ADA, and 44AE—ensuring compliance and tax optimization.
  • Time-Saving & Hassle-Free
    Avoid complex calculations and tedious paperwork—our team handles it all.
  • Timely Submission
    We ensure your ITR-4 is filed well before the deadline to avoid penalties.
  • Dedicated CA Support
    Speak directly with an experienced Chartered Accountant—not just a bot or support rep.
  • Post-Filing Support
    From notices to rectifications, we assist you even after the return is filed.

File Your ITR-4 Today with N D Savla & Associates

Let experts handle your ITR-4 return filing—whether you’re a small trader, freelance professional, or transporter. We ensure complete compliance and peace of mind.