ITR-4 Form how to fill

ITR-4 Form


What is ITR -4 ?


The ITR-4 Form is the Income Tax Return in India under Income Tax Act 1961. The income tax form for those tax payers , who have opted for  the presumptive  income scheme as per section 44AD , section 44ADA and section 44AE of the income Tax act. However , if the turnover of the business mentioned above exceeds Rs2 crores, the tax payers will have to file ITR 3. ITR -4 form format is very simple to fill online.


Who is required to file ITR 4 ?


ITR 4 is to be field by the individuals/ HUF /partnership firm whose total income of AY 2021-22 includes :a. BUSINESS income under section 44AD  or 44AE b. income from professional calculated under section 44ADA :c. salary/pension having income up to Rs.50 lakh  .


Who is not required to file ITR  4 for AY 2021-22 ?


1.  An individual  assessee having income from salary,house property or other sources above Rs.50 lakh cannot use this form.

2.. An individual who is either a director in a company and has invested in unlisted equity shares cannot use this form.

3. An  assessee whose books of account need to be audited under Income Tax Act,


What is the structure of ITR 4 ?


ITR -4  form has many part that need to fill

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 .

Schedule BP: Details of income from Business .

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.


Verification column




You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the income ta department CPC office in bangalore within 120 days of e-filling Remember that ITR-4 is an annexure – less form i.e. you do not have to attach any documents when you send it.


 Presumptive income & its Taxation ?


As per the Income-Tax Act, a person engaged in business or profession is required to maintain regular books of account and further, he has to get his accounts give relief to small tax payers from this tedious work, the income -tax act has framed the presumptive taxation scheme  under sections 44AD,44ADA and 44AE .

A person adopting the presumptive taxation scheme can declare income at a prescribed rate and,  get relief from tedious job of maintenance of books of accounts and its audited.




Notwithstanding anything to thecountry contained in sections 28 to 43 C the scheme under setion 44AE  the income of an assessee engaged in the business of plying, hiring or leasing of goods carriages


1. The scheme is applicable to an assessee who own not more 10 goods carriages at any time during the previous year and who is engagd in the business of plying, hiring or leasing of such goods carriages.

2. The profit and gains of each goods carriage ( other than heavy goods vehicle) owned by the above assessee shall be an amount equal to Rs. 7500 for every month or part of the month during which the goods carriage is owned by the assessee in the previous year

In case heavy good vehicle ( more than 12 MT gross vehicle weight), income will be computed at the rate of Rs 1000 per ton of gross vehicle weight for every month or part of a month during which the heavy goods vehicle is owned by a taxpayer.


Presumptive taxation under section



Section 44ADA offers are scheme of presumptive taxation of profits and gains arising from professions mentioned under section 44AA(1) of the Income tax Act ,1916 .The taken only by those specified professionals whose annual gross receipts are under RS.50 lakh. A sum of 50% of the total gross receipts of the assessee in the previous year on account of such profession or, as the cas may be a sum higher than the aforsaid sum claimed to have been earned by the assessee shall be deemed to be the profits and gains of such profession chargeable the head profit and gain of business or profession.


Presumptive taxation under section


Notwithstanding anything to thecountry contained in sections 28 to 43 C the scheme under setion 44AD  the income of an assessee engaged in any business of other thanthe business of plying, hiring,or leasing goods carriages referred to in setion 44AE. This scheme is applicable to eligible assessee who is

(i) an individual Hindu undivided family or a partnership firm who is a resident but not a limited liability partnership firm

(ii) who has not claimed deduction under any  of the section 10 A ,10AA,10B,10BA or deduction under any provision of Chapter VIA .

A sum equal to 8 % of the totalturnover or gross receipts  of the assessee in the previous year on account of such business or as the case may be a sum higher than the  aforesaid sum claimed shall be deemed to be the profits and gains of such business.


 How to do i file my ITR-4 Form

There are two mode  through which you can file you ITR either online or offline. ITR form should file one or before due date. Before filing start you should read insructions carefully. Select relevant Assessment year ITR 4 form. ITR  form should  prepare by a professional person so that you can file error free ITR.


The ITR  4 form can be filed offline only in following case

a. Individual  assessee whose age is 80 years or more

b. The income of the individual is less than Rs. 5 lakhs ans who do not have to claim a refund.


There is  time saving option electronically file ITR 4 form. visit on e filing portal   

prepare your return in  a software utility or download ITR prepare utility  from income tax department portal or prepare online on the portal and submit. After sucessfully submission. You should verify you ITR 4 form through various mode of  e verification of ITR form.


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