ITR-4 Return Filing
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ITR 4 Form Filing
Form ITR 4 is filed by the taxpayers who have opted for the Presumptive Taxation Scheme under Section 44D, 44DA, 44AE of the Income Tax Act,1961. But this is subject to the business turnover limit i.e in case if the turnover is exceeding Rs.2 crore then the taxpayer is required to file ITR 3 Form.
What is Presumptive Taxation in Scheme?
Presumptive Taxation Scheme is a scheme that exempts small taxpayers from maintaining the books of accounts.
Who is Eligible to file Form ITR 4?
Individuals whose income comes from the following sources have to file ITR 4 Form: