ITR-4 Return Filing

ITR-4 is a tax return form primarily for individuals, Hindu Undivided Families (HUFs), and businesses (sole proprietorships) who have opted for the presumptive taxation scheme under Section 44AD, 44ADA, or 44AE of the Income Tax Act. This form is applicable to those who have business income but do not maintain regular books of accounts, making it suitable for small businesses, freelancers, and professionals. The ITR-4 is also used by taxpayers whose total income includes income from salary, business or profession, and other sources like interest, capital gains, etc.

Documents Required

Personal Information

PAN Card

Aadhaar Card

Bank Account Details (with IFSC)

Income Documents

Form 16 (Salary Certificate)

Salary Slips (if applicable)

Income from Business or Profession (Profit & Loss Statement)

Income from House Property (Rent Agreement)

Capital Gains Documents (e.g., sale of property or shares)

Tax Deducted at Source (TDS) Documents

TDS Certificates (Form 16, Form 16A, Form 16B)

Form 26AS (Tax Credit Statement)

Process Timeline

Gather Necessary Documents

Collect all relevant documents such as Form 16 (for salary), financial statements, proof of business income, interest income, capital gains, and proof of deductions under sections like 80C, 80D, etc.

Log in to the Income Tax Portal

Visit the official Income Tax e-filing portal and log in using your credentials. If you don’t have an account, create one by registering on the portal.

Select ITR-4 Form

After logging in, choose the ITR-4 form under the “Income Tax Returns” section for filing.

Enter Personal Information

Fill in your basic personal details, such as name, PAN, and address. Ensure these details match the records available with the tax department.

Fill in Income Details

Report all sources of income, including income from salary, business or profession, capital gains, and other sources like interest.

Select Presumptive Taxation Scheme

If you are eligible for the presumptive taxation scheme under Section 44AD, 44AE, or 44ADA, select the appropriate section and provide the necessary details of your business income.

Report Deductions

Enter applicable deductions under sections like 80C (investments), 80D (insurance), and other relevant sections to reduce your taxable income.

Verify and Calculate Tax Liability

Once all details are entered, verify the form for any errors. The system will automatically calculate the tax liability based on the information provided.

Submit the Form

After verifying the details, submit the ITR-4 form electronically on the portal.

E-Verify the Return

Once the return is submitted, e-verify it using either Aadhaar OTP, net banking, or by sending the signed ITR-V form to the Income Tax Department.

Pay Tax (if applicable)

If the tax calculations show any due amount, make the necessary payment before submitting the return to avoid penalties.

Download Acknowledgment

After successful submission and verification, download the acknowledgment receipt for your records.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹3,999

Basic Plan

A brief description goes here

Get Started

Filing of ITR-4 for individuals, HUF (Hindu Undivided Family), and sole proprietors with business or profession income under the presumptive taxation scheme (Section 44AD, 44ADA, or 44AE).

Income reporting for business/profession income, salary, and other sources.

Tax computation based on the presumptive income scheme and applicable exemptions/deductions.

TDS adjustments and reconciliation of any TDS claims.

Filing of return with the Income Tax Department.

Email support for post-filing inquiries.

Turnaround Time: 3-4 working days.

₹5,999

Standard Plan

A brief description goes here

Get Started

Filing of ITR-4 for individuals, HUF, and sole proprietors with business or profession income under the presumptive taxation scheme (Section 44AD, 44AE, or 44ADA).

Comprehensive review of income from all sources, including business/profession income, salary, and capital gains (if applicable).

Tax computation with applicable exemptions and deductions (e.g., 80C, 80D).

TDS reconciliation to ensure correct claims and adjustments.

Filing of return with the Income Tax Department.

Phone and email support for follow-up queries.

Turnaround Time: 4-5 working days.

₹8,499

Pro Plan

A brief description goes here

Get Started

Filing of ITR-4 for individuals, HUF, and sole proprietors with business or profession income under presumptive taxation schemes (Section 44AD, 44AE, or 44ADA) along with income from other sources like salary, capital gains, or rental income.

In-depth review of all income sources, including any foreign income (if applicable).

Advanced tax planning to minimize tax liability, including utilizing eligible deductions and exemptions for business and personal income.

Tax computation and adjustments for business income, salary, capital gains, and other exemptions under the Income Tax Act.

Verification of Form 26AS and reconciliation of TDS to ensure all tax credits are claimed correctly.

Filing of return with the Income Tax Department and e-verification via Aadhaar or DSC.

Dedicated phone support for any complex queries or in-depth discussions.

Priority email support for post-filing assistance, including handling any notices from tax authorities.

Turnaround Time: 5-6 working days.

Frequently Asked Questions

Find answers to commonly asked questions about our products and services.

What is ITR-4?

ITR-4 is a tax return form for individuals, HUFs, and small businesses (sole proprietorships) who have opted for the presumptive taxation scheme under Section 44AD, 44AE, or 44ADA.

Who should file ITR-4?

ITR-4 should be filed by individuals, HUFs, or businesses that have opted for the presumptive taxation scheme and have income from business or profession, salary, or other sources.

What is the presumptive taxation scheme?

The presumptive taxation scheme under Sections 44AD, 44AE, and 44ADA allows small businesses and professionals to declare income at a prescribed percentage of their turnover without maintaining detailed books of accounts.

Can I file ITR-4 if I have income from salary and business?

Yes, ITR-4 is applicable for individuals having income from both salary and business, provided they meet the eligibility criteria for the presumptive taxation scheme.

What documents do I need to file ITR-4?

You will need Form 16 (for salary), business income statements, details of interest income, capital gains, and proof of deductions under sections like 80C, 80D, etc.

Can I claim deductions under Section 80C in ITR-4?

Yes, you can claim deductions under Section 80C for investments like PPF, LIC, etc., along with other deductions available under sections like 80D, 80E, etc.

What is the difference between ITR-3 and ITR-4?

ITR-3 is for individuals with income from a business or profession and who maintain detailed books of accounts, whereas ITR-4 is for those who opt for the presumptive taxation scheme and do not maintain books of accounts.

Do I need to e-verify ITR-4?

Yes, e-verification is mandatory. You can e-verify your return via OTP, Aadhaar authentication, or by sending a signed ITR-V form to the Income Tax Department.