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ITR-4 (Sugam) Return Filing

Simplified tax filing for small businesses, freelancers, and professionals opting for Presumptive Taxation. Expert assistance guaranteed.

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What is ITR-4 Return?

The ITR-4 (Sugam) form is applicable for individuals, HUFs, and partnership firms (other than LLPs) who are residents and have income from a business or profession. This form is specifically for those who have opted for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE of the Income Tax Act.

This scheme allows taxpayers to declare a fixed percentage of their turnover as income, exempting them from the rigorous task of maintaining detailed books of accounts. At Taxcrafted Solutions, we help you leverage this scheme to simplify your compliance and save time.

Who Can File?

  • Businesses with turnover up to ₹2 Cr (Sec 44AD)
  • Professionals with receipts up to ₹50 Lakhs (Sec 44ADA)
  • Truck owners (Sec 44AE)
  • Freelancers & Consultants
  • Small Shop Owners

Who Cannot File?

  • Director in a Company
  • Holding Unlisted Equity Shares
  • Income > ₹50 Lakhs
  • Bringing forward losses
  • Owning assets outside India

Documents Required

Simple documentation for a simpler filing process.

Personal Info

  • PAN Card
  • Aadhaar Card
  • Bank Account Details

Income Details

  • Bank Statements (for turnover)
  • Cash Receipts Record
  • Form 26AS & AIS
  • GST Returns (if registered)

Tax & Deductions

  • TDS Certificates
  • Advance Tax Challans
  • LIC/PPF Receipts (80C)
  • Medical Insurance (80D)

Why Choose Taxcrafted Solutions?

Your trusted partner for seamless tax filing.

Presumptive Expertise

We accurately determine if you qualify for the presumptive scheme to help you save on compliance costs and detailed bookkeeping.

Timely Filing

We ensure your ITR-4 is filed well within the due date to avoid late fees and interest, keeping your financial track record clean.

Simplify Your Business Taxes

Let our experts handle your ITR-4 filing so you can focus on your work.

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Frequently Asked Questions

Common queries about ITR-4 (Sugam) Filing.

Who is eligible to file ITR-4 (Sugam)?
ITR-4 is for Resident Individuals, HUFs, and Firms (other than LLP) having a total income up to ₹50 Lakhs and having income from Business or Profession computed under the Presumptive Taxation Scheme (Section 44AD, 44ADA, or 44AE).
What is Presumptive Taxation?
Under this scheme, you don't need to maintain detailed books of accounts. You can simply declare a fixed percentage of your turnover as profit (e.g., 8% or 6% for businesses u/s 44AD, 50% for professionals u/s 44ADA) and pay tax on that amount.
Can a freelancer or doctor file ITR-4?
Yes, professionals like doctors, lawyers, architects, and freelancers can file ITR-4 under Section 44ADA if their gross receipts are up to ₹50 Lakhs (increased to ₹75 Lakhs under certain conditions) and they declare at least 50% as profit.
Can I file ITR-4 if I have capital gains?
No, if you have income from Capital Gains (sale of property, shares, mutual funds), you cannot use ITR-4. You must file ITR-3 (if you have business income) or ITR-2 (if no business income).
Is ITR-4 applicable to LLPs?
No, Limited Liability Partnerships (LLPs) cannot file ITR-4. They are required to file ITR-5. Only individuals, HUFs, and Partnership Firms (excluding LLPs) are eligible for ITR-4.
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