Filing The Return Of Income - India Page 7

ADVERTISEMENT

Form ITR – 4S (SUGAM) can be used by an individual/HUF/Firm whose total income
for the year includes :
a) Business income computed as per the provisions of section 44AD or 44AE; or
b) Income from salary/pension; or
c) Income from one house property (excluding cases where loss is brought forward
from previous years); or
d) Income from other sources (excluding winnings from lottery and income from
race horses).
Further, in a case where the income of another person like spouse, minor child, etc., is to
be clubbed with the income of the taxpayer, this return form can be used where income to
be clubbed falls in any of the above categories.
Non-applicability of ITR – 4S (SUGAM)
Form ITR – 4S (SUGAM) cannot be used by an individual/HUF:
 Whose total income for the year includes income from more than one house
property.
 Whose total income for the year includes income from winnings from lottery or
income from race horses.
 Whose total income for the year includes income chargeable to tax under the head
“Capital Gains”.
 Whose total income for the year includes agriculture income of more than Rs.
5,000.
 Whose total income for the year includes income from speculative business and
other special incomes.
 Whose total income for the year includes income from profession as referred to in
section 44AA(1).
 Whose total income for the year includes income from agency business or income
in the nature of commission or brokerage.
 Who claims relief under section 90, 90A and/or section 91.
 Who has any assets (including financial interest in any entity) located outside
India or signing authority in any account located outside India.
 Any resident having income from any source outside India.
In case of a taxpayer who is engaged in any business eligible for the presumptive taxation
scheme of section 44AD or section 44AE but he does not opt for the presumptive
taxation scheme, then such a taxpayer has to maintain the books of account of the
business as per the provisions of section 44AA and has to get these accounts audited. In
such a case he cannot use ITR 4S.
[As amended by Finance Act, 2016]

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Return Of Income Tax Withheld Form - Income Tax Department - City Of Massillon Return Of Income Tax Withheld Form - Income Tax Department - City Of Massillon Financial
Return Of Income Tax Withheld - City Of Centerville, Ohio Income Tax Department Return Of Income Tax Withheld - City Of Centerville, Ohio Income Tax Department Financial
Return Of Income Tax Withheld - City Of Canton, Ohio Income Tax Return Of Income Tax Withheld - City Of Canton, Ohio Income Tax Financial
Income Tax Division Employer's Return Of Income Tax Withheld Form Income Tax Division Employer's Return Of Income Tax Withheld Form Financial
Return Of Income Tax Withheld Form - Income Tax Department Return Of Income Tax Withheld Form - Income Tax Department Financial
Return Of Income Tax Withheld Form - Canton City Income Tax 2013 Return Of Income Tax Withheld Form - Canton City Income Tax 2013 Financial
Return Of Income Tax Withheld Form - City Of Canton Return Of Income Tax Withheld Form - City Of Canton Financial
Return Of Income Tax Withheld Form - State Of Ohio Return Of Income Tax Withheld Form - State Of Ohio Financial
Return Of Income Tax Withheld Form - State Of Ohio Return Of Income Tax Withheld Form - State Of Ohio Financial
Return Of Income Tax Withheld - City Of Massillon Return Of Income Tax Withheld - City Of Massillon Financial

Related Categories

Parent category: Financial
Download
Go
Page of 15