Overview of ITR-4

This ITR is for individuals or HUFs with PGBP income who have chosen the presumptive income scheme.

Quick Information
Who can file ITR-4

Form ITR 4 is required to be filed by Individuals, HUF & Firms (other than LLP) whose income comes from the following sources:

  • Business Income under Section 44AD/Section 44AE

  • Income from profession as per Section 44ADA

  • Total Income is only up to Rs. 50 lakhs

Who can not file ITR-4

Form ITR-4 cannot be filed in the following cases:

  • Holds Directorship in a company

  • Holds any unlisted equity shares at any time during the previous year

  • Has assets or a financial interest in a company that is not based in India
  • Has gains from a business or profession that aren’t required to be estimated under sections 44AD, 44ADA, or 44AE, such as speculative business profits, commissions, brokerage, and so on.
  • Makes Capital Gains

  • Has income from more than one house property or Joint ownership in House Property
  • Has agricultural income exceeding Rs. 5,000

  • Has any brought forward loss or loss which is to be carried forward under any income head

  • Has loss under “income from other sources”

  • Has a claim of relief under Sections 90, 90A or 91

  • Has claim of tax credit which has been deducted at source in the hands of another person.

Documents requirement for filling ITR-4

Details of income, such as business profits/gains

 Business/Professional Gross and Net Profit

Details about the business

Form 16/26AS

Steps & Procedures

Complete Roadmap of Process of ITR filling service


Fill the Form and make the payment


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Filing of the ITR form, providing your details.


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Income Tax Return Filling


Frequently Asked Question

I have filled my IT-return incorrect what should i do ?

You can file revised return & correct the mistakes/errors. The revised return can be filed at any time before the expiry of 1 year from the end of the relevant assessment year  

Who can not fill ITR-1 ?

  • If your total income exceeds Rs 50 lakhs.
  • If you have foreign assets
  • If you have agricultural income which is more than Rs. 5,000,
  • If you have taxable capital gains
  • If you have income from business or profession
  • If you have income from more than one house property

Who can not fill ITR-2 ?

This Return Form should not be filed by an individual whose total income for the assessment year 2017-18 includes Income from Business or Profession.

Who can not fill ITR-3 ?

The old ITR-4 tax form has been renamed ITR-3. If you've e-filed an ITR-3 for FY 2015-16, then you must file an ITR-2 now.

Who can not fill ITR-4 ?

The old ITR-4S tax form has been renamed ITR-4. If you've e-filed an ITR-4 for FY 2015-16, then you must file an ITR-3 now

Do you provide services in Chhattisgarh ?

Yes, Fintore India is an online platform that serves all of India. No matter where you do business, all you need is an internet connection on your phone or computer, and we'll take care of the rest.

Do i need to physically present for the process ?

No, you do not need to be physically present for the process; Fintore India is an online catering platform; all you need is an internet connection on your phone/computer and the relevant paperwork, and we can do the task regardless of where you are in India.