Income Tax Registration & Filing :: ITR4

Description

ITR-4 can be filed by a Resident Individual / HUF / Firm (other than LLP) who has:

• Income not exceeding ₹ 50 Lakh during the FY
• Income from Business and Profession which is computed on a presumptive basis u/s 44AD, 44ADA or 44AE
• Income from Salary / Pension, One House Property, Agricultural Income (up to ₹ 5000/-)
• Other sources include (excluding winning from Lottery and Income from Race Horses):
  • Interest from Savings Account
  • Interest from Deposit (Bank / Post Office / Cooperative Society)
  • Interest from Income Tax Refund
  • Family Pension
  • Interest received on enhanced compensation
  • Any other Interest Income (e.g., Interest Income from an unsecured loan)