The ITR-4 Form can be used by individuals, Hindu Undivided Families who run a company with a turnover of less than 2 Crores and Professionals with gross receipts of more than 50 Lakhs, provided that they have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act.
ITR-4 SUGAM form may be submitted using any of four methods:
Under the fourth technique, Assessee filing ITR-4 SUGAM form must finish the ITR-V acknowledgment.The assessee should print two copies of Form ITR-V after the preparation of ITR-V. One copy of ITR-V, duly signed by the assessee, must be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bengaluru–560100 (Karnataka). The assessee may retain the other copy for his record.
Income tax return filing for a taxpayer with less than Rs.10 lakhs taxable income.
Income tax return filing less than Rs.25 lakhs for a taxpayer with taxable income.
Income tax return filing for a taxpayer with a taxable income of more than Rs.25 lakhs.