Tuesday, 30 June 2015

ITR Form 4S: Sugam – Presumptive Income Tax Form


This Income Tax Form (ITR Form 4S) can be used by an Individual or HUF whose Total Income includes

  1. Business Income where such Income is computed in accordance with special provisions referred to in Section 44AD and 44AE for the computation of Business Income, or
  2. Income from Salary/Pension, or
  3. Income from 1 House Property (excl. cases where the loss is brought forward from previous years)
  4. Income from Other Sources (excl. Winning from Lottery and Income from Horse Races)

The Income computed above shall be deemed to have been computed after giving full effect to every loss, allowance, depreciation under the Income Tax Act

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