ITR-4 Return Filing

Eligibility Criteria for Filing SUGAM (ITR-4) Form

To qualify for using the ITR-4 SUGAM form, the taxpayer must meet the following criteria for the assessment year:

Total Income: The total Income should not exceed Rs. 50 lakh.

The Income should be derived from any of the following sources:

• Income from Salary or Income from Pension.
• Income from One House Property.
• Interest income and/or Income from family pension taxable under Other Sources.
• Income from a business, which is computed on a presumptive basis (Gross Turnover up to Rs. 2 crores).
• Income from a business, computed on a presumptive basis (Income from goods carriage up to ten vehicles).
• Income from a profession, computed on a presumptive basis under Section 44ADA (Gross receipt up to Rs. 50 lakh).