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ITR-4 FILLING
Who is eligible to fill
form ITR-4 Sugam
This Return Form is to
be used by an individual or HUF, who is resident other than not ordinarily
resident, or a Firm (other than LLP) which is a resident, whose total income
for the assessment year 2019-20 does not exceed Rs.50 lakh and who has income under
the following heads:-
1. Income from business where such income is
computed on presumptive basis under Section 44AD (i.e. Gross Turnover upto Rs.
2 crore) or Section 44AE (income from goods carriage upto ten vehicles) or
2. Income from Profession where such income is
computed on presumptive basis under Section 44ADA (i.e. Gross receipt upto Rs.
50 lakh) or
3. Income from Salary/ Pension; or
4. Income from One House Property; or
5. Income from Other Sources.
Who is not eligible to
fill form ITR-4 Sugam
1. An individual who is a director in a company, has held any
unlisted equity shares at any time during previous year, has any asset
(including financial interest in any entity) located outside
India, has signing authority in any account located outside India;
or has income from any source outside India cannot use this form.
2. A person who has income during the previous year from Profits and
gains from business and professions which is not required to be computed u/s
44AD, 44ADA or 44AE, Capital gains, Income from more than one house property,
income to be apportioned in accordance with provisions of section 5A,
agricultural income in excess of 5,000, Income under the head
other sources.