ITR-4 Form Filing Online: A Complete Guide

ITR-4 Form Filing Online Filing income tax returns can feel like solving a puzzle without the picture on the box. But if you’re a small business owner or a professional earning under the presumptive taxation scheme, the ITR-4 form might just be your perfect match. Let’s break it down into simple, clear steps so you can file without stress.

What is ITR-4?

The ITR-4, also called Sugam, is for taxpayers who opt for presumptive taxation under Sections 44AD, 44ADA, or 44AE of the Income Tax Act. This form is meant to simplify tax compliance for small businesses, professionals, and certain transport operators.

Who Should File ITR-4?

You should file ITR-4 if:

• You’re a resident individual, HUF, or partnership firm (other than LLP).
  
  
• Your total income does not exceed ₹50 lakh in a financial year.
  
  
• Your income comes from a business or profession under presumptive taxation.
  
  

Eligibility Criteria

Income Sources Covered

• Business income under Section 44AD or 44AE.
  
  
• Professional income under Section 44ADA.
  
  
• Salary or pension income.
  
  
• One house property income.
  
  
• Agricultural income up to ₹5,000.
  
  

Who Cannot File ITR-4

• Income above ₹50 lakh.
  
  
• More than one house property.
  
  
• Capital gains income.
  
  
• Director in a company or holding unlisted shares.
  
  
• Foreign income or assets.
  
  

Documents Required

• PAN and Aadhaar.
  
  
• Bank account details.
  
  
• Form 26AS and AIS for tax credit.
  
  
• Income proofs (invoices, receipts).
  
  
• Tax payment challans.

Step-by-Step Guide to Filing ITR-4 Online

Step 1 – Log in

Visit incometax.gov.in, log in with your PAN/Aadhaar and password.

Step 2 – Select the ITR Form

Choose "File Income Tax Return" → Select Assessment Year → Choose ITR-4.

Step 3 – Fill in Details

Enter your details, income sources, and bank account information.

Step 4 – Declare Income & Tax

Fill in income from business/profession under presumptive taxation. Check TDS and advance tax details.

Step 5 – Preview & Submit

Review all details, e-verify via Aadhaar OTP, net banking, or DSC.

Common Mistakes to Avoid

• Selecting the wrong ITR form.
  
  
• Forgetting to include interest income.
  
  
• Entering the wrong bank account numbers.
  
  

Benefits of Filing ITR-4 on Time

• Avoid penalties and interest.
  
  
• Proof of income for loans and visas.
  
  
• Helps maintain a clean tax record.
  
  

Penalties for Late Filing

• Late fees up to ₹5,000 under Section 234F.
  
  
• Interest on unpaid tax.
  
  

Conclusion

Filing ITR-4 online isn’t as complicated as it sounds—especially if you prepare documents in advance and double-check your entries. Think of it like booking a train ticket online: once you know the route, it’s a smooth ride.