ITR-4
ITR-4
(Individuals or HUF having Income from Business/Profession Books not Maintained)
ITR-4 is an income tax return form filed by individuals and HUFs who have opted for the presumptive taxation scheme. It applies to businesses with a turnover up to Rs. 2 crore, professionals with gross receipts up to Rs. 50 lakh, and individuals in the goods carriage business.
Required Documents:
- Bank Statements: Copies of bank statements for all savings and current accounts held during the financial year.
- Aadhaar Card: The unique identification number issued by the Indian government is required for identity verification.
- PAN Card: The Permanent Account Number (PAN) card is necessary for tax-related transactions and identification purposes.
- TDS Certificates: If you have earned interest income or received any income where tax has been deducted at source, you will need TDS certificates.
- Business Income Details: Provide details of your business income. GST turnover details are also required.
- Partnership Details: If you are a partner in a firm, provide partnership details and the profit-sharing ratio.
- Capital Gains: If you have earned capital gains from the sale of assets like stocks, real estate, or other investments, provide the details of the transactions.
- Other Income Documents: Include any additional income documents related to salary, house property, capital gains, or other sources of income.