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ITR-4

Who Should File ITR-4?

ITR-4 is for taxpayers opting for the Presumptive Taxation Scheme, reducing compliance burden by declaring income at prescribed rates.

*Only professional fees. Government charges and out-of-pocket expenses will be separate.

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Who Should File ITR-4?

ITR-4 is for taxpayers opting for the Presumptive Taxation Scheme, reducing compliance burden by declaring income at prescribed rates.

Eligible Taxpayers

  • Individuals
  • HUFs
  • Partnership firms (excluding LLPs)

Presumptive Sections Covered

  • Section 44AD – Small businesses
  • Section 44ADA – Specified professionals
  • Section 44AE – Transport operators

Key Features

  • No requirement to maintain detailed books
  • Simplified income declaration
  • Lower compliance cost
  • Ideal for small taxpayers

Restrictions

  • Not applicable if income exceeds presumptive limits
  • Not for persons claiming business losses
  • Not for commission or brokerage income

Our ITR-4 Assistance

  • Eligibility verification
  • Presumptive income computation
  • Tax planning guidance
  • Smooth filing & verification

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