USE OF INCOME TAX RETURN FORM ITR-4 (SUGAM)

Who can use this return form: -
1. Business income computed as per special provision Under section 44AD,44ADA and 44AE of the Act; and,
2. Income from Salary/Pension; or,
3. Income from one House property.(excluding where loss is brought forward from Previous Year.); or,
4. Income from Other sources. (Excluding income from lottery and winning from Race horses); or,

Note:- Further, in case where the another person income like spouse, minor child etc, is to be clubbed with the income of the assesee, this return form can be used only if the income being falls into the above income category.

Person can not use this return form if they have: -
1. Income from more than one house property; or,
2. Income from lottery and winning from Race horse; or,
3. Income under the head "Capital gain"; or,
4. Income from agriculture/exempt income more than Rs. 5000/-; or,
5. Income from speculative business and other special income; or,
6. Income from a profession as referred in section 44AA (1) or income from agency business or income in the nature of commission for brokerage; or
7. Person claiming relief of foreign tax paid under section 90,90A or 91;or
8. Any resident having any assets situated outside India or signing authority in any account located outside India; or
9. Any resident having income from outside india.