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ITR-4

The ITR-4 Form is applicable for those taxpayers who have opted for the presumptive income under Section 44AD.

  • FeesRs.699 onwards

  • Time Required1 to 2 days


Ideal for:

This Return Form is to be used by an individual or a Hindu Undivided Family who is carrying out a proprietary business or profession provided they declare deemed income over specified percentage of 8% set for eligible business and 50% set for professionals.

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Rules to be done ITR4

  1. A small businessman having less than RS. 2 crore and declare the profits at least 8% of gross profits.
  2. The people who are at professions can opt for this scheme if gross receipts don’t exceed Rs. 50 Lakhs and can declare at least 50% of gross receipts as income.

The Persons engaged in this profession can file ITR 4:

  1. Medical
  2. Engineering
  3. Legal
  4. Architectural Profession
  5. Accountancy Profession
  6. Technical consultancy
  7. Interior Decoration
  8. Other notified Professionals
  9. Authorised representatives
  10. Film Artists
  11. Certain Sports related person
  12. Company Secretaries
  13. Information Technology

Special treatment: No requirement of Maintenance of books of Account