ITR-4
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ITR-4 (SUGAM) Filing – For Presumptive Income Taxpayers
What is ITR-4?
ITR-4, also known as SUGAM, is the Income Tax Return form for Individuals, HUFs, and Partnership Firms (other than LLPs) who opt for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE of the Income Tax Act.
It is designed for small businesses, professionals, and transporters who want to declare income on a presumptive basis without maintaining detailed books of accounts.
Who Can File ITR-4?
You can file ITR-4 if you have:
An Individual / HUF / Partnership Firm (not LLP)
Having Business Income under Section 44AD (Turnover up to ₹2 Cr)
Having Professional Income under Section 44ADA (Gross Receipts up to ₹50 Lakhs)
Having Income from Goods Carriage (Transport Business) under Section 44AE (up to 10 vehicles)
Income from Salary/Pension, One House Property, or Other Sources (excluding lottery & horse racing)
Total Income up to ₹50 Lakhs
Who Cannot File ITR-4?
You cannot use ITR-4 if you:
Are a Company or LLP
Have income from more than one house property
Earn capital gains (sale of property, shares, etc.)
Have foreign income or foreign assets
Earn income from lottery, racehorses, or speculative income
Are a director in a company or hold unlisted equity shares
Why Should You File ITR-4?
Simple & hassle-free return under Presumptive Tax Scheme
Avoids maintenance of detailed books of accounts
Ensures legal compliance & avoids penalties
Helps claim refunds of excess TDS
Useful for loan, visa, and financial documentation
Documents Required for ITR-4 Filing
PAN, Aadhaar & bank account details
Gross receipts/turnover details of business or profession
Vehicle details (for transporters under 44AE)
Form 16 (if salary income exists)
Form 26AS / AIS / TIS (Tax Credit Statement)
Deduction proofs (80C, 80D, etc.)
