ITR-4 Form Filing

The ITR 3 is applicable for individual and HUF who have income from profits and gains from business or profession. The persons having income from following sources are eligible to file ITR 3:

  • Carrying on a business or profession
  • Return may include income from House property,Salary/Pension and Income from other sources

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What is the Structure of ITR 4 for AY 2018-19 and AY 2017-18?

ITR-4 is divided into:

  • Part A: General Information
  • Part B: Gross total income from the five heads of income
  • Part C: Deduction and total taxable income
  • Part D: Tax computation and tax status
  • Verification & signatures on the return
  • Schedule BP – Details of income from Business

*(For AY 2018-19, the form has been modified to include GST details along with detailed financial information which will be furnished under Schedule BP)

  • Schedule AL :Asset and liability at the end of year(applicable in case where total income exceeds Rs 50 lakhs)
  • Schedule IT: Statement of payment of advance-tax and tax on self-assessment.
  • Schedule-TCS: Statement of tax collected at source.
  • Schedule TDS1: Statement of tax deducted at source on salary.
  • Schedule TDS2: Statement of tax deducted at source on income other than salary.
  • Supplementary schedule TDS1
  • Supplementary schedule TDS2
  • Supplementary schedule IT
  • Supplementary schedule TCS

How do I file my ITR-4 Form for AY 2017-18 and AY 2018-19?

You can submit your ITR-4 Form either online or offline.


The ITR form can be filed offline only in any of the following case:

  1. Individual is of the age of 80 years or more.
  2. The income of the individual is less than Rs 5lakhs and who do not have to claim refund in the income tax return

The return can be filed offline :

  • By furnishing a return in a physical paper form
  • By furnishing a bar-coded return

The Income Tax Department will issue you an acknowledgment at the time of submission of your physical paper return.

  • By furnishing the return electronically under digital signature
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V

If you submit your ITR-4 Form electronically under digital signature, the acknowledgment will be sent to your registered email id. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department’s CPC office in Bangalore within 120 days of e-filing.

Remember that ITR-4 is an annexure-less form i.e. you do not have to attach any documents when you send it.


Who can file ITR 4 ?

ITR 4 can be filed by all those who opt for presumptive income for instance

  • a small businessman having turnover less than Rs 2 crore may opt for the scheme u/s 44AD and declare the profits at 8% of gross receipts(6% in case of digital receipts).
  • A doctor can opt for presumptive income scheme u/s 44ADA if his gross receipts do not exceed Rs 50 lakhs and can declare 50% of gross receipts as his income.
  • An engineer can also opt for this scheme.
  • Film Artists
  • Persons engaged in the accountancy profession,Interior decoration,Technical consultancy can also for this scheme.

Freelancers engaged in the above profession can also opt for this scheme if their gross receipts do not exceed Rs 50 lakhs.

Presumptive Income & its Taxation – under section 44AD

When you are running a small business, you may not have enough resources to maintain proper accounting information and calculate your profit or loss. This makes it difficult to keep track of your income from such a business and find out how much tax you need to pay.

With this in mind the Income Tax Department has laid out some simple provisions where your income is assumed based on the gross receipts of your business. This method is called the presumptive method, where tax is paid on an estimated basis.

Presumptive Income in case of taxpayers engaged in business of plying, leasing or hiring of trucks (under Section 44AE)

For those who are in the business of plying, leasing or hiring of trucks a scheme similar to presumptive income scheme under section 44AD is available.

Presumptive Income in case of Professionals (under Section 44ADA)

The benefit of Presumptive tax rates were only available to Businesses. But now this benefit has been extended to professionals also .It will be applicable to the Professionals whose total gross receipts does not exceed Rs 50 lakhs in a financial year.

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