ITR-4 (Sugam) Filing Made Simple by N D Savla & Associates
Are you a small business owner, freelancer, or professional using the presumptive taxation scheme?
The ITR-4 form is specifically designed for taxpayers who opt for simplified income estimation
under sections 44AD, 44ADA, or 44AE of the Income Tax Act.
At N D Savla & Associates, we provide accurate, timely, and compliant ITR-4 return filing services
for eligible individuals, HUFs, and firms. With strong technical experience,
your filing process stays smooth and stress-free.
What is ITR-4 Sugam Form?
- Applicable to Individuals
- Applicable to Hindu Undivided Families
- Applicable to Firms other than LLP
- Used by taxpayers under presumptive taxation scheme
What is Presumptive Taxation?
The Presumptive Taxation Scheme allows small taxpayers to compute income
on a prescribed percentage of turnover or receipts without the need
to maintain detailed books of accounts.
- Section 44AD – Small Businesses
- Applies to resident individuals, HUFs, and partnership firms (excluding LLPs)
- Business turnover must not exceed ?2 crores
- Income presumed at 8% or 6% of gross receipts
- Section 44ADA – Professionals
- Applies to resident individuals engaged in specified professions
- Gross receipts must not exceed ?50 lakhs
- Income presumed at 50% of total receipts
- Section 44AE – Transport Businesses
- Applicable to persons owning not more than 10 goods vehicles
- Income is presumed based on vehicle type and ownership duration
Eligibility for ITR-4 Filing
- Total income up to ?50 lakhs
- Income from salary or pension
- Income from one house property
- Interest income from other sources
- Business income under 44AD or 44AE
- Professional income under 44ADA
Who Cannot Use ITR-4 Sugam?
- Non-resident Indians
- Company directors
- Investors in unlisted equity shares
- Persons with foreign assets or foreign income
- Taxpayers with more than one house property
- Individuals with capital gains or lottery income
Structure of the ITR-4 Form
- Part A – General Information
- Part B – Gross Total Income
- Part C – Deductions and Total Income
- Part D – Tax Computation and Refund Status
- Schedules for TDS, advance tax, and TCS where applicable
ITR-4 Filing Due Date (AY 2024–25)
- Due date for non-audit cases: July 31, 2024
- Extended deadline with late fee: December 31, 2024
Penalties for Late Filing
- ?1,000 if income below ?5 lakhs
- ?5,000 to ?10,000 if income above ?5 lakhs
- Interest on unpaid tax dues
- Loss of carry-forward of losses
Why Choose N D Savla & Associates for ITR-4 Filing?
Accurate Filing
Thorough eligibility review and correct submission.
Presumptive Scheme Expertise
Clear understanding of sections 44AD, 44ADA, and 44AE.
Timely Submission
Returns filed before deadlines to avoid penalties.
Dedicated CA Support
Direct interaction with experienced professionals.
Post Filing Assistance
Help with notices, rectifications, and CPC queries.
Confidential Process
Secure handling of your financial information.
FAQs – ITR-4 Filing
- Is ITR-4 only for presumptive income?
- Do I need books of accounts for Sugam?
- Can firms file ITR-4?
- What if I miss the due date?
Contact N D Savla & Associates
Need help filing your ITR-4 this assessment year?
Connect with our expert team for complete professional support.
- Call/WhatsApp: +91 9821832683
- Email: nainitsavla@savlagroup.in
- Website: ndsavlaa.com/contact-us