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ITR-4s Form for Income Tax Return Filing

Last Update Date : April 26, 2019
Estimated Read Time: 2 min

ITR 4S is not applicable from AY 2018-19 and has been replaced by ITR 4. To know more please read our guide on ITR 4.

The Sugam ITR-4S Form is the Income Tax Return form for those taxpayers who have opted for the ‘Presumptive Income Scheme’ as per section 44AD and section 44AE of the Income Tax Act. However, if the turnover of the business mentioned above exceeds Rs. 1crore, the tax payer will have to file ITR-4.

ITR 4S can be used by following individuals to file returns

This return form is to be used by an individual/ HUF whose total income includes:

  • Business income where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income; or
  • Income from salary/pension; or
  • Income from one house property (excluding cases where loss is brought forward from previous years); or
  • Income from other sources (excluding winning from lottery and income from horse races)

Points to remember: 

  1. The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income Tax Act.
  2. Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this return form can be used only if the income being clubbed falls into the above income categories.

Sample Format of Form ITR-4S

Note: Click on the image above to download Form ITR-4S

Understanding Form ITR-4S

Form ITR-4S has the following components:

Part A: General Information
Part B: Gross total income from the five heads of income
Part C: Deduction and total taxable income
Part D: Tax computation and tax status
Verification: Verification & signatures on the return as well as details of TRP
Schedule BP – Details of income from Business: The following information is required in this schedule:

  • Computation of presumptive income under 44AD
  • Computation of presumptive income under 44AE
  • Financial particulars of the business

Schedule AL
: Asset & liability at the end of the year
Schedule IT: Statement of payment of advance-tax and tax on self-assessment
Schedule-TCS: Statement of tax collected at source
Schedule TDS1: Statement of tax deducted at source on salary
Schedule TDS2: Statement of tax deducted at source on income other than salary
Supplementary schedule TDS1
Supplementary schedule TDS2
Supplementary schedule IT
Supplementary schedule TCS

Not sure how to file your Business Tax Return? Let H&R Block help you file your taxes.
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CA Ankita Mathur
Ankita, a Big 4 alumna, is a tax expert at H&R Block (India) with vast experience in managing GST-related business services. An avid traveller, Ankita is a regular contributor to the CAclubindia and loves helping people understand about GST and helping companies be GST compliant.

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