By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Investment SimplifiedInvestment Simplified
  • Tax
    • Popular Searches
    • What is Form 16?
    • Trademark Registration Fees
    • TDS Full Form
    • Ad Valorem Tax
    • How to Save Tax?
  • Aadhaar
    • Popular Searches
    • How to Book Aadhaar Card Appointment?
    • E-Aadhaar And It’s Benefits
    • What is a Masked Aadhaar?
    • ESign Aadhaar: A Complete Guide
    • Aadhaar Card Address Change
  • EPF
    • Popular Searches
    • EPFO Member Portal – Login, Registration
    • EPFO Establishment Search
    • Guide to Your EPFO Member Login
    • EPF Interest Rate
    • What Is UAN Activation?
  • PAN Card
    • Popular Searches
    • What is a PAN Card
    • NSDL PAN Card
    • UTI PAN
    • e-PAN Card
    • PAN Card Apply
  • Banking
    • Banks
      • Popular Searches
      • State Bank of India (SBI)
      • Bank of Baroda (BOB)
      • Canara Bank
      • Indian Bank
      • Bank of India (BOI)
    • Bank Timings
      • Popular Searches
      • Bank of Baroda Timings
      • IDBI Bank Timings
      • Union Bank Timings
      • Karnataka Bank Timings
      • Central Bank of India Timings
      • Canara Bank Timings
    • Mini Statement
      • Popular Searches
      • Axis Bank Mini Statement
      • HDFC Mini Statement
      • Bank of Baroda Mini Statement
      • Union Bank of India Mini Statement
      • SBI Mini Statement
    • Balance Enquiry
      • Popular Searches
      • Canara Bank Balance Enquiry by SMS, Missed Call, Netbanking
      • SBI Balance Enquiry
      • Union Bank of India Balance Enquiry Number
      • BOB Balance Enquiry
      • PNB Balance Check Number – Enquiry by SMS, Missed Call, Netbanking
    • NEFT
      • Popular Searches
      • HDFC NEFT
      • SBI NEFT
      • Axis Bank NEFT
      • ICICI Bank NEFT
      • Canara Bank NEFT
    • Net Banking
      • Popular Searches
      • HDFC Bank Net Banking
      • SBI Net Banking
      • ICICI Net Banking
      • Axis Bank Net Banking
      • IOB Net Banking
    • Customer Care
      • Popular Searches
      • Central Bank of India Customer Care Number
      • Bank of Baroda Customer Care – Missed Call and Toll Free Number
      • Bank of Maharashtra Customer Care
      • Punjab National Bank Customer Care Number – PNB Grievance Redressal
      • IOB Customer Care Number
    • UPI
      • Popular Searches
      • BHIM
      • Google Pay
      • BHIM SBI Pay
      • Union Bank UPI
      • HDFC UPI
    • Debit Card
      • Popular Searches
      • SBI Debit Card
      • HDFC Debit Card
      • PNB Debit Card
      • Axis Bank Debit Card
      • Kotak Debit Card
    • RTGS
      • Popular Searches
      • RTGS Process
      • SBI RTGS
      • ICICI Bank RTGS Form
      • Axis Bank RTGS Form
      • HDFC RTGS Form
    • IMPS
      • Popular Searches
      • IMPS Limit
      • IMPS vs. NEFT
      • IMPS vs. NEFT vs. RTGS
      • MMID
    • Cheque
      • Popular Searches
      • Types of Cheques
      • Blank Cheque
      • Cancelled Cheque – How to Write a Cancelled Cheque?
      • Account Payee Cheque
      • Banker’s Cheque
    • Bank Holidays
      • Popular Searches
      • Bank Holidays in June 2023
      • Bank Holidays in July 2023
      • Bank Holidays in August 2023
      • Bank Holidays in September 2023
      • Bank Holidays in October 2023
    • Mobile Banking
      • Popular Searches
      • SBI Mobile Banking
      • HDFC Mobile Banking
      • Bank of Baroda Mobile Banking
      • Indian Bank Mobile Banking
      • Canara Bank Mobile Banking
    • Passbook
      • Popular Searches
      • SBI Passbook
      • Union Bank Passbook
      • BOB Passbook
      • HDFC Passbook
      • Axis Bank Passbook
    • Demand Draft
      • Popular Searches
      • Demand Draft Validity
      • Demand Draft Form
  • Savings Account
    • Popular Searches
    • What is a savings account
    • SBI Savings Account
    • Bank of Baroda Saving Account
    • Bank of Maharashtra Saving Account
    • Central Bank of India Saving Account
  • Insurance
    • General Insurance
    • Car Insurance
    • Travel Insurance
    • Pension & Retirement
  • About Us
  • Contact
Reading: ITR-4 Sugam Form: How to File & Download ITR 4 Form?
Share
Investment SimplifiedInvestment Simplified
Search
  • Tax
    • Popular Searches
    • What is Form 16?
    • Trademark Registration Fees
    • TDS Full Form
    • Ad Valorem Tax
    • How to Save Tax?
  • Aadhaar
    • Popular Searches
    • How to Book Aadhaar Card Appointment?
    • E-Aadhaar And It’s Benefits
    • What is a Masked Aadhaar?
    • ESign Aadhaar: A Complete Guide
    • Aadhaar Card Address Change
  • EPF
    • Popular Searches
    • EPFO Member Portal – Login, Registration
    • EPFO Establishment Search
    • Guide to Your EPFO Member Login
    • EPF Interest Rate
    • What Is UAN Activation?
  • PAN Card
    • Popular Searches
    • What is a PAN Card
    • NSDL PAN Card
    • UTI PAN
    • e-PAN Card
    • PAN Card Apply
  • Banking
    • Banks
      • Popular Searches
      • State Bank of India (SBI)
      • Bank of Baroda (BOB)
      • Canara Bank
      • Indian Bank
      • Bank of India (BOI)
    • Bank Timings
      • Popular Searches
      • Bank of Baroda Timings
      • IDBI Bank Timings
      • Union Bank Timings
      • Karnataka Bank Timings
      • Central Bank of India Timings
      • Canara Bank Timings
    • Mini Statement
      • Popular Searches
      • Axis Bank Mini Statement
      • HDFC Mini Statement
      • Bank of Baroda Mini Statement
      • Union Bank of India Mini Statement
      • SBI Mini Statement
    • Balance Enquiry
      • Popular Searches
      • Canara Bank Balance Enquiry by SMS, Missed Call, Netbanking
      • SBI Balance Enquiry
      • Union Bank of India Balance Enquiry Number
      • BOB Balance Enquiry
      • PNB Balance Check Number – Enquiry by SMS, Missed Call, Netbanking
    • NEFT
      • Popular Searches
      • HDFC NEFT
      • SBI NEFT
      • Axis Bank NEFT
      • ICICI Bank NEFT
      • Canara Bank NEFT
    • Net Banking
      • Popular Searches
      • HDFC Bank Net Banking
      • SBI Net Banking
      • ICICI Net Banking
      • Axis Bank Net Banking
      • IOB Net Banking
    • Customer Care
      • Popular Searches
      • Central Bank of India Customer Care Number
      • Bank of Baroda Customer Care – Missed Call and Toll Free Number
      • Bank of Maharashtra Customer Care
      • Punjab National Bank Customer Care Number – PNB Grievance Redressal
      • IOB Customer Care Number
    • UPI
      • Popular Searches
      • BHIM
      • Google Pay
      • BHIM SBI Pay
      • Union Bank UPI
      • HDFC UPI
    • Debit Card
      • Popular Searches
      • SBI Debit Card
      • HDFC Debit Card
      • PNB Debit Card
      • Axis Bank Debit Card
      • Kotak Debit Card
    • RTGS
      • Popular Searches
      • RTGS Process
      • SBI RTGS
      • ICICI Bank RTGS Form
      • Axis Bank RTGS Form
      • HDFC RTGS Form
    • IMPS
      • Popular Searches
      • IMPS Limit
      • IMPS vs. NEFT
      • IMPS vs. NEFT vs. RTGS
      • MMID
    • Cheque
      • Popular Searches
      • Types of Cheques
      • Blank Cheque
      • Cancelled Cheque – How to Write a Cancelled Cheque?
      • Account Payee Cheque
      • Banker’s Cheque
    • Bank Holidays
      • Popular Searches
      • Bank Holidays in June 2023
      • Bank Holidays in July 2023
      • Bank Holidays in August 2023
      • Bank Holidays in September 2023
      • Bank Holidays in October 2023
    • Mobile Banking
      • Popular Searches
      • SBI Mobile Banking
      • HDFC Mobile Banking
      • Bank of Baroda Mobile Banking
      • Indian Bank Mobile Banking
      • Canara Bank Mobile Banking
    • Passbook
      • Popular Searches
      • SBI Passbook
      • Union Bank Passbook
      • BOB Passbook
      • HDFC Passbook
      • Axis Bank Passbook
    • Demand Draft
      • Popular Searches
      • Demand Draft Validity
      • Demand Draft Form
  • Savings Account
    • Popular Searches
    • What is a savings account
    • SBI Savings Account
    • Bank of Baroda Saving Account
    • Bank of Maharashtra Saving Account
    • Central Bank of India Saving Account
  • Insurance
    • General Insurance
    • Car Insurance
    • Travel Insurance
    • Pension & Retirement
  • About Us
  • Contact
Investment Simplified > Tax > ITR-4 Sugam Form: How to File & Download ITR 4 Form?
Tax

ITR-4 Sugam Form: How to File & Download ITR 4 Form?

Ashish Kumar
Last updated: 2023/01/17 at 12:47 PM
Ashish Kumar Published January 17, 2023 5 Min Read
Share
SHARE
What is ITR 4 Form?Components of ITR-4 FormEligibility Criteria to File ITR-4 for AY 2022-23Who is not eligible to file ITR 4 for AY 2022-23?How to Download ITR-4 Sugam Form?How to File ITR-4?ITR 4 Form: FAQs

The Income Tax Department has introduced seven types of income tax return forms for taxpayers based on their income and other sources. One of these forms include ITR-4 Form. The ITR 4 Sugam Form is filed by the individuals, HUFs, Firms (other than LLP) whose income does not exceed ₹50 lakhs during the financial year. In this article, we will discuss the ITR 4 Form in detail.

What is ITR 4 Form?

The ITR 4 Sugam Form is applicable for taxpayers who have opted for presumptive income scheme. This schemes have been broadly outlined in Section 44AD, Section 44AE and Section 44ADA. Also, if the business turnover of an assessee exceeds ₹2 crores, they need to file ITR-4.

Components of ITR-4 Form

The ITR-4 has been divided into several parts. Below given are the details of the structure of ITR-4 Form-

PART A: General information like name, DOB and address

PART B: Gross income from five heads of pay such as salary, house property, income from other sources

Part C: Deductions and total taxable income

Part D: Tax status and tax computations

Schedule BP: Details on income from business or profession

Schedule IT: Particulars of advance tax and self-assessment tax payments

Schedule TCS: Particulars of tax collected at source

Schedule TDS-1: Tax deduction at source from the salary

Schedule TDS-2: Specifics of tax deducted at source on any income source except salary

Eligibility Criteria to File ITR-4 for AY 2022-23

ITR-4 form can be used and filed only if they meet certain conditions s mentioned below-

  • Carrying a business or profession
  • Eligible for Presumptive Business Income only when the turnover/gross receipts do not exceed ₹2 crore
  • The return may include Salary/Pension
  • Income from House Property
  • Income from Other Sources

Note: Freelancers who are engaged in the above mentioned profession can also opt if their gross receipts do not exceed ₹50 lakhs.

Who is not eligible to file ITR 4 for AY 2022-23?

ITR-4 cannot be filed by an individual / HUF / Firm (Other than LLP) who:

  • Resident Not Ordinarily Resident (RNOR), and non-Resident Indian
  • Has total income exceeding ₹ 50 Lakh
  • Has agricultural income in excess of ₹5,000/-
  • Director in a Company
  • Has income from more than one House Property;
  • Has income of the following nature:
    • Winnings from lottery;
    • Activity of owning and maintaining race horses;
    • Income taxable at special rates u/s115BBDA or Section 115BBE;
  • Has held any unlisted equity shares at any time during the previous year
  • Has deferred income tax on ESOP received from employer being an eligible start-up
  • Not covered under the eligibility conditions for ITR-4

How to Download ITR-4 Sugam Form?

The Income Tax Department offers easy way for individuals and HUFs to download ITR-4 Form. Follow the below mentioned steps to do so-

Step 1: Visit the Income Tax Department website at- https://www.incometax.gov.in/iec/foportal

Step 2: On the right-hand side, you will find ‘Downloads’ tab. Click it.

Step 3: Click ‘Income Tax Return’ available on the left hand side of the screen.

Step 4: Find ITR-4 and then click ‘ITR 4 Notified Form_AY 2022-23’

Step 5: Now you can download the ITR-4 Form in the PDF format.

Download ITR 4 Form

How to File ITR-4?

Assessees can file ITR 4 through two different methods- Online and Offline. Below given is a detailed process to file ITR 4 online and offline.

Offline

ITR 4 can only be filed offline if-

  • The individual is of 80 years of age or more
  • Income of the taxpayer is less than ₹5 lakhs and do not possess any income tax refund request

The ITR-4 can be submitted through furnishing a return on physical paper form or bar-coded form.

Online

Assessees can file ITR 4 online on the e-filing web portal of Income Tax Department. One needs to verify the filings in any of the below given ways-

  • By submitting the return electronically through digital signature
  • By communicating the data electronically and then submitting the verification
  • Using Aadhaar OTP

After filing the ITR 4, you will receive acknowledgment receipt on your registered email ID.

ITR 4 Form: FAQs

Is it mandatory to file ITR 4?

No. There is no mandate to file ITR 4. However, it depends upon the taxpayer who chooses to avail the presumptive income scheme.

What are the documents required to file ITR 4?

Given below are the documents that should be kept handy while filing ITR 4-
· Form 16
· Form 26AS & AIS
· Form 16A
· Bank Statements
· Housing Loan Interest Certificates
· Receipts for Donation Made
· Rental Agreement
· Rent Receipts
· Investment premium payment receipts – LIC, ULIP etc.

What is the due date of Filing ITR -4 for AY 2022-23 (FY 2021-22)?

For AY 2022-23 (FY 2021-22) the due date of filing of ITR-4 is 31st July 2022.

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Copy Link Print
By Ashish Kumar
Ashish Kumar is a SEO content writing enthusiast and an avid blogger who closely follows the latest financial trends. He writes about various topics related to Insurance, Aadhaar, PAN, Banking and other financial products.
Previous Article ITR 3 Form ITR-3 Form: How to File and Download ITR 3 Form?
Next Article ITR 5 Form ITR-5 Form: How to File & Download ITR-5?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Searches
  • Ad Valorem Tax Meaning
  • Income Tax Form
  • What Is Property Tax
  • What Is Municipal tax
  • What is Professional Tax
  • How To Calculate TDS
  • TDS Full Form
  • What Is Tax
  • Calculate Income Tax
  • How To File GST
  • What Is Form 15G
  • Trademark Registration Fees
  • GST Number Check
  • What Is Tax Saving
  • How To Pay Professional Tax
  • Different Type of Taxes
  • ITR Acknowledgement
  • What Is Corporate Tax
  • GST Full Form
  • What Is TCS Tax
  • Get GST Number
  • GST Registration Fee
  • What is GST Rates
  • What Is HRA

Social Media

Social Media
Facebook
YouTube
Instagram
Twitter
Linkedin

calculator

Loan CalculatorMortgage Calculator
Mortgage CalculatorMortgage CalculatorLoan CalculatorLoan Calculator
inr
%
years
%
inrper year
inrper year
%

inr
years
%

Recent Post

Top Financial Influencers
Top 15 Financial Influencers in India
June 5, 2023
Cheque
What is a Cheque – Types, Components, Uses, Advantages
May 29, 2023
IDFC Debit Card
IDFC Debit Card
May 26, 2023
Federal Bank Debit Card
Federal Bank Debit Card
May 26, 2023

You Might also Like

SBI Bank Holidays 2023

SBI Bank Holiday List 2023

State Bank of India is the largest Indian multinational public sector bank…

Read More
Union Bank Balance Enquiry Number

Union Bank of India Balance Enquiry Number

For the customers of the Union Bank of India, there are multiple…

Read More
types of fixed deposit

The Different Types of Fixed Deposits in India

Choosing the best investment option for yourself can sometimes prove to be…

Read More
pension taxable

Is Pension Taxable: ABC of Taxation on Pension

After retirement, the income patterns of a person are bound to change.…

Read More
IS logo 250px

We are here to make your investment journey simple by delivering content on financial topics in plain English.

Categories

  • Tax
  • Cryptocurrency
  • Aadhaar
  • Mutual Funds
  • Banking
  • General Insurance
  • Pension & Retirement
  • Car Insurance
  • Travel Insurance

Quick Link

  • About Us
  • Contact
  • Terms & Conditions
  • Privacy Policy
Social Media
Facebook
YouTube
Instagram
Twitter
Linkedin

We are here to make your investment journey simple by delivering content on financial topics in plain English.

Categories

  • Tax
  • Cryptocurrency
  • Aadhar
  • Mutual Funds
  • General Insurance
  • Pension & Retirement
  • Car Insurance
  • Travel Insurance

Quick Link

  • About Us
  • Contact
  • Terms & Conditions
  • Privacy Policy

Social Media

Copyright © 2023 Investment Simplified. All rights reserved.

Welcome Back!

Sign in to your account

Lost your password?