financial services

All about ITR- 4 Form and who can use it?

The ITR-4 Form is the Income Tax Return form that is used by those taxpayers who have opted for the presumptive income scheme as under Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act, 1961. Moreover, if the turnover of the business mentioned above exceeds Rs 2 crores, the taxpayer will have to file his/her Income Tax Return using ITR-3.

form 26 AS need

Here is the structure of ITR-4 Form: –

Download Click Here and use our Android App to file Income Tax Return

step-4-1

ITR-4S 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

Download Click Here and use our IOS App to file your Income Tax Return

For the Financial Year 2017-18, the form has been modified, to incorporate GST details along with other Financial Information. This detail will be mentioned under the Schedule BP.

Verification & signatures on the return

Filing Income Tax Return

Schedule BP – Details of income from Business

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.

All India ITR Login | Start Filing Income Tax Return

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

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s