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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(AY 2017-2018)
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Rules to be done ITR4
- A small businessman having less than RS. 2 crore and declare the profits at least 8% of gross profits.
- 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:
- Medical
- Engineering
- Legal
- Architectural Profession
- Accountancy Profession
- Technical consultancy
- Interior Decoration
- Other notified Professionals
- Authorised representatives
- Film Artists
- Certain Sports related person
- Company Secretaries
- Information Technology