![]() 5 lakh and who do not need to claim a tax refund in the return. Individuals having net taxable income less than Rs.Individuals who are 80 years of age or more.ITR4 can be filed offline if the taxpayers fall into any of the following cases: It should be noted that after the implementation of GST, ITR-4 form has been modified accordingly from AY 2018-19 in order to include GST details. Schedule-TDS2: Statement of Tax Deducted at Source on income other than Salary.Schedule-TDS1: Statement of Tax Deducted at Source (TDS) on Salary.Schedule-TCS: Statement of Tax Collected at Source(TCS).Schedule-IT: Statement of payment of advance tax.Schedule-80G: Details of donations entitled for deduction under 80G.Schedule-BP: Details of the Income from business.Verification and Signatures on the return.Part-C: Deductions and total taxable income.Part-B: Gross total income from the five heads of income.Part-A: General Information of the assessee.The due date for filing income tax return is 31st July for Individuals and 30th September for Businesses. Income from Other Sources having income up to Rs 50 lakh (Excluding winning from lottery and income from horse races).Income from 1 House Property having income up to Rs 50 lakh (excluding the brought forward loss or loss to be carried forward cases under this head).Salary/pension having income up to Rs 50 lakh.Income from profession calculated under section 44ADA.ITR 4 is to be filed by the Individuals / HUF / partnership firm whose total annual income includes: ![]() 2 crores, the taxpayer will have to file ITR-3. However, if the annual turnover of business registered under presumptive taxation scheme exceeds Rs. ![]() ITR-4 Form also called SUGAM is for those taxpayers who have opted for presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act. For audit cases, the last due date is 15th February 2021. The last date of income tax return filing for FY 2019-20 (AY 2020-21) is extended to 10th January 2021. Hello, in this post we will look into ITR-4 form.
0 Comments
Leave a Reply. |