ITR-4 Return Filing

ITR-4 (Sugam) Return Filing Services

If you’re running a small business or working as a professional, chances are you’ve heard about “presumptive taxation.”

Sounds simple — declare income at a fixed percentage and file your return.

But here’s where most people go wrong.
They assume it’s straightforward and skip the details.

Eligibility conditions, turnover limits, correct percentage, compliance requirements — missing any of these can lead to incorrect filing or future issues.

At The Classic Partner LLP, ITR-4 filing is handled with clarity and precision. We don’t just apply presumptive rates blindly. We check eligibility, validate your numbers, and ensure your return is accurate and compliant.

Because even simplified taxation needs to be done right.

What is ITR-4 (Sugam)?

ITR-4 is an income tax return form for individuals, HUFs, and firms (other than LLPs) who opt for presumptive taxation under Sections 44AD, 44ADA, or 44AE.

Instead of maintaining detailed books, income is declared at a prescribed percentage of turnover or receipts.

Who Should File ITR-4?

You can file ITR-4 if:

• You are a small business owner opting for Section 44AD
• You are a professional opting for Section 44ADA
• You are engaged in goods carriage business under Section 44AE
• Your total income is up to ₹50 lakhs (for individuals/HUFs under certain conditions)
• You meet eligibility criteria under presumptive taxation

Who Should Not Use ITR-4?

ITR-4 is not applicable if:

• You exceed the prescribed turnover limits
• You have foreign income or assets
• You are a director in a company or hold unlisted shares
• You require detailed books and audit
• You are an LLP

What We Handle

We ensure your ITR-4 is filed correctly, not just quickly.

• Assessment of eligibility under presumptive taxation
• Review of turnover and receipts
• Correct application of presumptive income rates
• Verification with AIS, TIS, and Form 26AS
• Identification of additional income disclosures
• Accurate computation of taxable income
• Filing of ITR-4 return
• Post-filing support and revisions if required

Why ITR-4 Filing Still Needs Attention

Presumptive taxation simplifies things — but only if applied correctly.

A properly filed ITR-4 helps you:

• Stay compliant with presumptive taxation rules
• Avoid incorrect income declarations
• Prevent future scrutiny or notices
• Maintain clean and consistent records
• Simplify tax filing without compromising accuracy

It’s simple, but not casual.

Our Approach

We don’t treat ITR-4 as a shortcut.

We first confirm whether presumptive taxation is actually suitable for you. Then we verify your turnover, apply correct provisions, and cross-check everything with tax data.

The focus stays on:

• Correct eligibility
• Accurate reporting
• Clean and compliant filing

Why The Classic Partner LLP

• Strong understanding of presumptive taxation provisions
• Careful eligibility assessment
• Accurate and compliant filing approach
• Clear communication and guidance
• Support beyond filing — including notices and revisions