Itr 4 Sugam Form In Punjab

ITR 4 return filing in Punjab is for the taxpayers who have opted for a presumptive taxation scheme under Sections 44D, 44DA, 44AE of the Income Tax Act. The presumptive taxation scheme has exempted all the small taxpayers from maintaining the book of accounts thereby reducing the compliance burden. If the turnover is exceeding Rs.2 crore then the taxpayer is required to file ITR 3 Returns.

Who is eligible to file ITR 4 Return Filing in Punjab ?

ITR 4 return filing in Punjab is to be done by the individuals who satisfy the following conditions:

  • Business Income under Section 44AD/Section 44AE
  • Income from the profession as per Section 44DA
  • Income from Salary or Pension is about Rs.50 lakhs
  • Income from one house property is about Rs.50 lakh.
  • Income from other sources is up to Rs.50 lakh (Does not include winning the lottery or horse races)
  • ITR 4 return filing in Punjab can also be done by freelancers if in case their income is not exceeding Rs.50 lakh.

How to file ITR 4 returns in Punjab ?

ITR 4 return filing in Punjab can be both online as well as offline.

How to file ITR 4 returns in Punjab online?

  • To file ITR 4 Returns in Punjab online one has to furnish returns digitally using the Digital Signature Certificate
  • Or by transmitting the data electronically and then submitting the verification of the returns made in Form ITR V.

If in case ITR 4 filing in Punjab is done using the Digital Signature then an acknowledgment is sent to the registered Email id.

How to file ITR 4 returns in Punjab offline?

  • By furnishing the returns made in a physical form
  • By furnishing a bar-coded return- An acknowledgment is issued once the physical paper return is submitted.

What is the structure of the Form ITR 4 Returns in Punjab ?

The structure of Form ITR-4 is as follows

  • Part A: General Information
  • Part B: Gross total income under the five heads of income
  • Part C: Deductions and Total Taxable Income
  • Schedule BP: Details of Income from Business
  • Schedule 80G: Details of Donations entitled for deduction under Section 80G
  • Schedule IT: Statement of payment of advance tax and tax on self-assessment
  • Schedule- TCS: Statement about Tax Collected at source
  • Schedule TDS1: Statement of Tax Deducted at Source on Salary
  • Schedule TDS2: Statement of tax deducted at source on income apart from salary
  • Verification column

In this way, you can file the ITR 4 returns in Punjab with the help of IndiaFilings.

Itr 4 Sugam Form In Punjab FAQ's

Form ITR 4 in Punjab can be filed by the taxpayers who have opted for the presumptive income scheme under Sections 44D, 44AD, 44AE of the income tax Act, 1961.

ITR 4 in Punjab cannot be filed by the taxpayers who category for businesses with a turnover of over Rs.2 crores and professionals with gross receipts that exceed Rs.50 lakh.

ITR 4 form in Punjab is to be used when the assessee falls into the following category:

Income from the profession and has opted under presumptive taxation scheme.

Income from the proprietary business or profession including income from house property, salary, pension, and other sources.

ITR 4 filings in Punjab can be done before 31st July for individuals and 30th September for the businesses.

Customer Reviews For ITR-4 Return Filing

IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.

KAZI AASIYA RIYAZUDDIN

ITR-4 Return Filing
Verified Customer
19 October 2022
How can we improve?

Aasiya was very helpful throughout the process and get the ITR filing done very quickly.

AYYANAR M

ITR-4 Return Filing
Verified Customer
23 May 2022
How can we improve?

good

KARTHIK.M

ITR-4 Return Filing
Verified Customer
20 January 2021
How can we improve?

Have been waiting for the CA attested ITR copy since so many days, several times have followed up, and still not received, not even replying on the whatsapp or chat..

MANIMEGALAI S

ITR-4 Return Filing
Verified Customer
25 August 2020
How can we improve?

Excellent!

MOHAMMED NASIREEDEEN

ITR-4 Return Filing
Verified Customer
03 September 2019
How can we improve?

Good

ANITA SHARMA N

ITR-4 Return Filing
Verified Customer
30 August 2019
How can we improve?

NA

SUGANTHI R

ITR-4 Return Filing
Verified Customer
30 August 2019
How can we improve?

Like the best service I have ever had with tax consultant. Kudos.

SANKARA NARAYANA SARMA

ITR-4 Return Filing
Verified Customer
27 August 2019
How can we improve?

Exciellent support and work by Mr SANKARA NARAYAN SARMA

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