Get the free Form ITR 4 in PDF - Bombay Chartered Accountants - bcasonline

FORM INDIAN INCOME TAX RETURN ITR-4 Part A-GEN (Please see rule 12 of the Income-tax Rules,1962) (Also see attached instructions) 2009 10 GENERAL First name PERSONAL INFORMATION Assessment Year (For

How to fill out form itr 4 in

How to Fill Out Form ITR 4:

1. Ensure that you have all the necessary documents and information required for filling out the form, such as your PAN card, Aadhaar card, bank statements, and details of your income and expenses.
2. Start by entering your personal information, including your name, address, and contact details, in the relevant sections of the form.
3. Next, provide details of your income from different sources, such as salary, business or profession, capital gains, and income from house property. Make sure to accurately enter all the income figures in the respective sections.
4. Deduct any applicable deductions or exemptions from your income, such as those under Section 80C, 80D, or 80G, and fill out the details accordingly.
5. Calculate your taxable income by subtracting the deductions from your total income.
6. Determine the tax liability based on the tax slabs and rates applicable to you. Enter the tax payable amount in the form.
7. If you have any prior tax payments or advance tax payments made during the financial year, provide those details in the relevant sections.
8. Fill out the details of any TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) you may have faced, including the respective amounts and challan numbers.
9. In case you have any foreign assets or foreign income, furnish the necessary details in the specified sections of the form.
10. Finally, review the form thoroughly to ensure all the information provided is accurate and complete. Sign the form and submit it as per the prescribed guidelines.

Who Needs Form ITR 4:

1. Individuals and Hindu Undivided Families (HUFs) who have income from a proprietary business or profession can use Form ITR 4 to file their income tax returns.
2. Taxpayers who have opted for the presumptive taxation scheme under section 44AD, 44ADA, or 44AE of the Income Tax Act are also required to use Form ITR 4.
3. Individuals with income from multiple sources, including salary, business or profession, capital gains, and income from house property, can utilize Form ITR 4 to consolidate and report their overall income.

Please note that the information provided above is a general outline and it is advisable to consult a tax professional or refer to the official guidelines and instructions provided by the Income Tax Department while filling out Form ITR 4.

For pdfFiller’s FAQs

What is form itr 4 in?

Form ITR 4 is a form for filing income tax returns by individuals who opt for presumptive income scheme under section 44AD, 44ADA and 44AE of the Income Tax Act.

Who is required to file form itr 4 in?

Individuals, Hindu Undivided Families (HUFs) and firms (other than LLP) who are opting for presumptive income scheme under sections 44AD, 44ADA and 44AE are required to file Form ITR 4.

How to fill out form itr 4 in?

Form ITR 4 can be filled online on the income tax department's e-filing portal or manually by downloading the form and submitting it physically. It is important to fill out all the sections accurately and provide correct information.

What is the purpose of form itr 4 in?

The purpose of Form ITR 4 is to report income and tax details of individuals and entities opting for presumptive scheme under sections 44AD, 44ADA and 44AE.

What information must be reported on form itr 4 in?

Information such as income details, deductions claimed, tax paid, assets and liabilities details must be reported on Form ITR 4.

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