Here we are providing complete solution for itr 4s sugam. Use online tax calculator to file itr for assessment year. Sugam presumptive business income tax return 201516 itr 4s sugam presumptive business income tax return 201617 itr 1. Income tax return filing ay 201415which forms to use. In this article we have discussed who can use form itr4s sugam, who cannot use this fornm, for whom it is not mandatory and manner of filing this return form for assessment year 201516 i. It returns early to avoid the rush closer to the last date. The new itr forms itr 1, itr 2, itr 4s have been notified for ay 201516. Itr 4s sugam, applicability, download for ay 201617. Now the department started issuing these forms in excel format. Itr4s is used where presumptive business income tax return of individual and huf having income from proprietorship or professional income. Financial year 201415 this return form is to be used by an individual huf whose total income for the. Electronic filing of income tax returns for 201516 commences. Itr 4s validation rules for ay 201516 efiling home. Form itr4 indian income tax return for individuals and hufs having income from a proprietary business or profession please see rule 12 of the incometax rules,1962 also see attached instructions assessment year 2 0 1 5 1 6 part agen general audit information a are you liable to maintain accounts as per section 44aa.
Scenarios 1 tax computation has been disclosed but gross total income is nil. Indian income tax return verification form assessment year i where the data of the return oflncome in form itri sahaj, it r 2, itr2a, itr3, 2015 16 itr4s sugam, itr4, it r 5, it r 7 transmitted electronically without digital signaturel. Income tax return form itr4s sugam its applicability. Income tax return filing simplified online financial planning. Income tax return filing forms for ay 201617 fy 201516. If the limit is not exhausted, the balance may be claimed in a. Who can use form itr 4s sugam for assessment year 201516 i. Sugam itr 4s is provided for filing incometax return by the persons who are taking advantage of computing their. Download itr forms for ay 201112, 2012, 2014, 201415, 2015 16.
Itr 4s sugam can be used by an individual or an huf whose income includes business income assessable on presumptive basis. Form for making the reference to the commissioner by the assessing officer us 144ba1. New income tax return form itr3, itr4, itr5, itr6 and itr7 for the ay 201516 has been notified by the income tax department income tax department has already notified the itr1, itr2, itr2a, itr4s earlier last month. This form cannot be used if the taxpayer has more than one house property or who has a speculative income or who has more than rs. Itr 4 can be filed by individuals, huf as well as a partnership firm. Finance ministry asks taxpayers to electronic filing. An itr12 return is an income tax return for an individual that stipulates all the income and allowable deductions claimed by the taxpayer for a year of assessment. The income tax department issued itr 4s sugam form in excel format for the assessment year 201415. For detailed instructions on how to fill itr2a, click here pdf file. Itr 4s sugam presumptive business income tax return assessment year 2 0 1 6 1 7. There are many queries related to itr 4s sugam like itr 4s sugam acknowledgement, itr 4s sugam in excel format, download itr 4s sugam in pdf format, download itr 4s sugam in java format, download itr 4s sugam instructions for ay 201617 or fy 201516 etc, itr 4s sugam instructions etc. Sugam itr4s form presumptive business income tax return.
Download itr1 sahaj form for ay 201617 for salaried. Hesarghatta main road, near widia school buststop nagasandra post. Sugam presumptive business income tax return 201516. For assessment year 201516 there are some thing new to the income tax return filings, so i am just sharing some of the things that needs to be taken into consideration while filing such itrs, itr 4s is here under. This return form is continue reading itr 4s sugam a. Who can use form itr 4s sugam for assessment year 201516. However, if the annual turnover of business registered under presumptive taxation scheme exceeds rs. For individuals, hufs and firms other than llp being a resident having total income upto rs. This form must be used by resident indians who fall under the belowmentioned categories.
New itr4s sugam has been notified on 23062015 vide notification no. Itr3, itr4, itr4ssugam and itrv acknowledgment issued in the pdf form only. However, in case the losses have been brought forward from the previous year, exclusion is allowed. The sugam itr4s is a form used by a certain section of tax assessees while filing their. Income tax return form 4, which also called sugam, is filed by the taxpayers who have opted for presumptive taxation scheme under section 44ad, section 44da and section 44ae of the income tax act, 1961. Efiling of itr3, itr4, itr5, and itr7 will be available shortly. Itr 4s sugam presumptive business income tax return 201112 itr 4s. Download income tax return forms for assessment year 201516 itr 1 sahaj, itr 2, itr 3, itr 4s sugam, itr 4, itr 5, itr 6 or itr 7. Itr4s sugam presumptive business income tax return assessment year 2 0 1 6 1 7.
With the new income tax return itr forms being recently notified for assessment year 201516, filers can do an easy check of their annual tax liability on a new computerbased calculator launched by the cbdt. In this contrast itr1 sahaj form is issued in the excel format for assessment year 2014. This return form is to be used by an individual whose total income for the assessment year 2014 includes. Itr forms for ay 202021, download latest income tax. Itr 4s or sugam is income tax return form that is to be filed by individuals, hindu undivided family and small business taxpayers who have presumptive business income, salary or pension, one house property and income from other sources. For downloading instructions to fill itr4s click here. Form for making the reference to the commissioner by the assessing. Itr1 sahaj, itr2, itr3, sugam itr4s, itr4, itrv for a. Earlier this form is also issued in java format which works in both offline and online mode. Download new form itr3, itr4, itr5, itr6 and itr7 for.
Indian income tax return assessment year form itr4. Form itr4 sugam is a simplified return form to be used by an assessee, at his option, if he is eligible to declare profits and gains from business and profession. Apart from the normal information required hitherto the following additional information is required for the much debated aspects of bank accountsforeign travelforeign income or assets in the simplified new sugam itr4s. Income tax return forms itr 1, 2 and 4s simplified for. New simplified itr4s sugam ay 201516 notification and. The sugam itr4s form is for individuals who have opted for the presumptive income. Filing of your itr is mandatory even if you have only.
Itr 1sahaj, 2 and 2a can be used by individuals or huf whose income does not include income from business. Part c deductions and taxable total incomereler to instructions. Itr 4s has been released for ay 201415, 201516 and 201617 by income tax department. Indian individual income tax return 201516 itr 1 sahaj indian individual income tax return 201617. The tax calculator is an online computerbased programme hosted on the official website of the it department and is meant to help the taxpayer assess their due tax, in a. Assessment year itr4s sugam presumptive business income. If you want to refer instructions for filing itr1 in pdf format, click here to view instructions to fillup itr4s. Income tax return filing forms for ay 201617 fy 201516which. Find a step by step guide to file income tax return online. The online procedure of filing income tax returns is known as efiling. Itr 4 is required to be filed by those who opt for presumptive business having total income of inr 50 lakhs or less. The sugam itr4s form is a presumptive income tax return form and is part of the income tax returns filing process with the income tax department of india. Remember the due date for filing itr2a is 31st july, 2016 for f.