The ITR-4 form applies to individuals and Hindu Undivided Families (HUFs) with income from profits and gains of business or profession. It is often considered a comprehensive form, as it allows individuals and HUFs to report all possible sources of income in a single return.
Complete Your ITR Filing
Ready Your ITR 4 Return Filing with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 4 Return Filing.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR 4 Return Filing
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 4 Return Filing.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR 4 Return Filing
The pre-filling and filing of ITR-4 service is available for registered users on the e-Filing portal and through the offline utility. This service allows individual taxpayers, Hindu Undivided Families (HUFs), and firms (excluding LLPs) to conveniently file ITR-4 online through the e-Filing portal.
This guide explains the step-by-step process for filing ITR-4 online.
General Requirements: To use this service, you must:
The ITR-4 form is applicable for Resident Individuals, Hindu Undivided Families (HUFs), and Firms (excluding LLPs) who meet the following conditions:
1.Total Income does not exceed ₹50 lakh during the financial year.
2. Income from Business or Profession computed under the presumptive taxation scheme of Sections 44AD, 44ADA, or 44AE.
3. Other Income Sources, including:
The ITR-4 form CANNOT be used by individuals, HUFs, or firms (except LLPs) who:
– Are Resident but Not Ordinarily Resident (RNOR) or Non-Resident Indians (NRIs).
– Have total income exceeding ₹50 lakh.
– Have agricultural income above ₹5,000.
– Are a Director in a company.
– Have income from multiple house properties.
– Earn income from:
The ITR-4 form consists of six sections, which must be filled before submission. A preview page allows you to verify and validate all details entered.
Sections of ITR-4:
To file ITR-4, keep the following documents ready (as applicable):
Income-related Documents:
Expense & Deduction Proofs:
Rental Income Documents (if applicable):
Is Aadhaar-PAN Linking Necessary for ITR Filing?
Linking Aadhaar with PAN is important. You can still file your ITR if they are not linked, but portal access will be limited. To avoid restrictions, it is recommended to link PAN with Aadhaar.
Yes, individuals with business income can opt for the old tax regime, but they must file Form 10-IEA before filing ITR-4 to make the switch.
No, individuals with business income cannot switch between the old and new tax regimes every year.
Form 10-IEA must be submitted before the due date of filing ITR:
Yes, taxpayers can claim all eligible deductions if they switch to the old tax regime by selecting ‘Yes with the due date’ and providing:
Filing ITR-4 involves a structured approach. Below is a simplified step-by-step guide:
Part B – Gross Total Income
Part C – Deductions & Total Income: Claim deductions under Chapter VIA (like 80C, 80D, 80G). Determine tax liability based on applicable tax slab rates.
6. Report Tax Collected at Source (TCS): Schedule TCS – Enter TAN, Name of Collector, and Tax Collected from Form 27D.
8. Deductions Under Section 80G (Donations): Report donations eligible for 100% or 50% deduction under Section 80G.
The presumptive taxation scheme simplifies tax filing by allowing taxpayers to declare income at a fixed rate instead of maintaining detailed books of accounts. It applies under the following sections:
Section 44AD – For businesses (Resident Individual, HUF, or Partnership Firm) meeting specific conditions.
Section 44ADA – For professionals (Resident in India) covered under Section 44AA(1).
Section 44AE – For individuals, HUFs, or firms engaged in goods carriage business, owning ≤10 vehicles during the year.
To ease compliance for small taxpayers, the Income Tax Act provides a presumptive taxation scheme under Sections 44AD, 44ADA, and 44AE. Under this scheme, taxpayers can declare income at a fixed percentage instead of maintaining detailed books of accounts.
Applicable Sections:
–Section 44AD – For Resident Individuals, HUFs, and Partnership Firms (excluding LLPs) engaged in business, subject to specified conditions.
–Section 44ADA – For Resident Individuals and Partnership Firms (excluding LLPs) engaged in specified professions under Section 44AA(1).
–Section 44AE – For individuals, HUFs, firms, or any other person (resident or non-resident) engaged in goods carriage business, owning ≤10 vehicles at any time during the year.
–Section 44AD (Business) – Increased from ₹2 Crore to ₹3 Crore, provided cash receipts do not exceed 5% of total gross receipts.
–Section 44ADA (Profession) – Increased from ₹50 Lakh to ₹75 Lakh, provided cash receipts do not exceed 5% of total gross receipts.
You cannot opt for Section 44AD if:
-You are in the business of plying, hiring, or leasing goods carriages (covered under Section 44AE).
-You operate an agency business.
-Your income is from commission or brokerage (e.g., insurance agents).
-Your turnover exceeds ₹3 Crore, even if cash receipts are ≤5% of total gross receipts.
-You are required to maintain books of accounts as per Section 44AA(1).
Available to Resident Individuals and Partnership Firms (excluding LLPs) in specified professions, provided gross receipts do not exceed ₹50 Lakh (or ₹75 Lakh if cash receipts ≤5%).
Eligible Professions:
✔ Legal
✔ Medical
✔ Engineering / Architectural
✔ Accountancy
✔ Technical Consultancy
✔ Interior Decoration
✔ Any other CBDT-notified profession
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