ITR-4 (Sugam) is for resident individuals, HUFs and firms other than LLPs who opt for presumptive taxation and whose income and facts fit the form for that assessment year. It is a shorter return, but it is easy to misuse. We check the turnover limit, the cash-receipt condition and whether you are barred because of capital gains, foreign assets or directorship.
Who this is for
- Small traders under section 44AD
- Specified professionals under section 44ADA
- Goods-carriage owners under section 44AE
Documents usually needed
- PAN, Aadhaar and bank details
- Turnover or gross receipts, with GST numbers if you have them
- Partner or vehicle details where relevant
- AIS and TDS statements
How Digital Filings handles it
- Test whether presumptive taxation is available this year.
- Compute deemed income and compare it with a normal computation if you want that choice explained.
- File ITR-4 and e-verify.
Timeline
Most Sugam returns are filed within 1 to 3 working days of a clear turnover figure.
Questions people ask
Does presumptive taxation mean I never keep records?
You still need to support turnover, cash ratio and the claims you make. We tell you the minimum records to keep for the scheme you use.
Official reference: Income tax portal. Always confirm the live rule on that portal.