Services · ITR-4 Filing
ITR-4 Filing (Business / Presumptive Income)
For small businesses and professionals opting for presumptive taxation
From ₹1,999/-*
+ 18% GST · no lock-in
ITR-4 (Sugam) is meant for small businesses and professionals who opt for the presumptive taxation scheme. It simplifies compliance by letting you declare income at a fixed percentage of turnover or receipts.
We confirm your eligibility, apply the correct presumptive rate, reconcile your figures with the AIS and bank statements, and file an accurate, e-verified ITR-4 on a fixed fee.
What ITR-4 (Sugam) is and why it exists
ITR-4, called Sugam, is the return for small businesses, professionals and transporters who opt for the presumptive taxation scheme. Instead of maintaining full books and computing actual profit, you declare income as a fixed percentage of turnover or gross receipts — a deliberate simplification for small taxpayers built into sections 44AD, 44ADA and 44AE of the Income Tax Act.
Under 44AD, eligible businesses declare 8% of turnover as income (6% for receipts through banking or digital channels). Under 44ADA, eligible professionals declare 50% of gross receipts. Under 44AE, transporters declare a fixed amount per vehicle per month. The scheme reduces compliance cost dramatically — but only if you are eligible and stay within the turnover limits.
Who can use the presumptive scheme
- Resident individuals, HUFs and partnership firms (not LLPs) running an eligible business under 44AD with turnover up to ₹2 crore (₹3 crore where cash receipts are ≤5%).
- Specified professionals — legal, medical, engineering, architecture, accountancy, technical consultancy, interior decoration — under 44ADA with gross receipts up to ₹50 lakh (₹75 lakh where cash receipts are ≤5%).
- Transporters owning up to 10 goods carriages under 44AE.
- Not for: companies, LLPs, those with capital gains or foreign income, agency businesses, or anyone earning commission/brokerage.
Step-by-step: from receipts to filed return
- Share turnover, gross receipts, the mode of receipt (cash vs digital) and bank statements.
- We apply the correct presumptive rate under 44AD/44ADA/44AE and reconcile with AIS and 26AS.
- We compute tax, compare old and new regimes, and account for advance tax already paid.
- You approve the computation; we file ITR-4 on the portal and assist with e-verification.
The advance-tax catch under presumptive tax
Taxpayers under 44AD/44ADA must pay their entire advance tax liability in a single instalment by 15 March of the financial year. Miss it and interest under section 234B/234C applies. Another important rule: if you opt out of 44AD after using it, you are barred from claiming the scheme again for the next five assessment years and may be required to maintain books and get audited. We flag these consequences before you decide, so a short-term choice does not create a five-year problem.
Why TCC for your ITR-4
Presumptive filing looks simple but the eligibility limits, cash-receipt conditions and advance-tax timing trip up many filers. Our experts confirm you genuinely qualify, pick the rate that is both correct and optimal, and reconcile your numbers with the department records to avoid notices — all on a transparent fixed fee with WhatsApp support and notice handling if needed.
What's included
- Presumptive income computation (44AD/44ADA/44AE)
- Reconciliation with AIS, 26AS and bank statements
- Deduction and regime optimisation
- Preparation and online filing of ITR-4
- E-verification support and acknowledgement
How we work
01
Share details
Send turnover, receipts and bank statements.
02
We compute
We apply the right presumptive rate and reconcile.
03
You approve
Review the computation before we file.
04
File & verify
We file and help you e-verify the return.
Documents we need
- PAN and Aadhaar
- Bank statements for the financial year
- Turnover / gross receipts summary
- GST returns, if registered
- Investment proofs for deductions
Frequently asked
What is presumptive taxation?+
Schemes like 44AD and 44ADA let eligible small taxpayers declare income at a prescribed percentage of turnover or receipts, without maintaining detailed books.
Who can use ITR-4?+
Resident individuals, HUFs and firms (other than LLPs) with presumptive business or professional income within the prescribed turnover limits.
Do I need a tax audit?+
Presumptive taxpayers within the limits generally avoid audit, but specific cases may require one. We assess your eligibility first.
What are the turnover limits for 44AD and 44ADA?+
Presumptive business under 44AD is available up to Rs 2 crore turnover (Rs 3 crore if cash receipts are within 5%); 44ADA for eligible professionals up to Rs 50 lakh (Rs 75 lakh within the 5% cash limit).
What income is presumed under 44AD/44ADA?+
Under 44AD, 8% of turnover (6% for digital receipts) is treated as income; under 44ADA, 50% of gross professional receipts. You can always declare higher actual profit.
Do I need to maintain books under presumptive tax?+
No detailed books or audit are required while you stay within the scheme and declare the presumed income, which is the main benefit of 44AD and 44ADA.
Can I switch out of 44AD later?+
If you opt out of 44AD, you cannot return to it for the next five assessment years and may need a tax audit, so we advise before you switch.
Who cannot use ITR-4?+
Company directors, those with foreign assets or income, capital gains, more than one house property, or turnover above the presumptive limits should use ITR-3 instead.
Related services
- ITR-1 FilingFor salaried individuals and pensioners with income up to the prescribed limit
- ITR-3 FilingFor business owners, professionals and traders with F&O or intraday income
- GST Return FilingMonthly GSTR-1 & GSTR-3B, reconciliation and on-time compliance
- Tax AuditStatutory tax audit under section 44AB — Form 3CA/3CB and 3CD
Read more on the blog
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