Who Should File ITR-4?
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Resident Individuals, HUFs, and Firms (other than LLPs) with:
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Total income up to ₹50 lakh
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Income from business or profession under presumptive taxation (Sections 44AD, 44ADA, 44AE)
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Income from salary/pension, one house property, and other sources (excluding lottery/racehorses)
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Agricultural income up to ₹5,000
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Long-term capital gains under section 112A up to ₹1.25 lakh
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Not eligible:
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Non-residents, RNORs, directors in a company, those with income above ₹50 lakh, more than one house property, winnings from lottery/racehorses, or holding unlisted equity shares.
Required Documents for ITR-4 Filing
| Document Type | Details/Description |
|---|---|
| PAN Card | Self-attested copy |
| Aadhaar Card | Self-attested copy |
| Bank Account Details | Passbook or statement for all accounts |
| Form 16/16A | TDS certificates from employer/bank |
| Business/Professional Details | Turnover, gross receipts, and presumptive income details |
| Investment Proofs | For deductions under Section 80C, 80D, etc. |
| Home Loan/Interest Certificates | If claiming deductions for home loan interest |
| Rent Receipts | If claiming HRA |
| Advance Tax/Challan Details | Proof of advance tax or self-assessment tax paid |
| Previous Year’s ITR | For reference and carry-forward of losses, if any |
| Other Income Proofs | Interest certificates, dividend statements, etc. |
| Digital Signature (if applicable) | For firms or if opting for DSC-based filing |
ITR-4 Filing Online: Step-by-Step Process
1. Collect and Organize Documents
Gather all required documents and proofs before starting the filing process.
2. Login to the Income Tax Portal
Use your PAN and password to log in. Register if you are a new user.
3. Select the Assessment Year and ITR-4 Form
Choose the correct assessment year (e.g., AY 2025-26 for FY 2024-25). Select ITR-4 as the return type.
4. Fill in Personal and Income Details
Enter personal information (auto-filled from profile; update if needed). Provide details of business/profession, salary, house property, and other income. Declare presumptive income as per Sections 44AD, 44ADA, or 44AE.
5. Claim Deductions and Compute Tax
Enter eligible deductions (Sections 80C, 80D, etc.). Compute total tax liability and check for any tax payable or refund due.
6. Validate and Preview Return
Review all entries for accuracy. Preview the return before submission.
7. Submit and E-Verify
Submit the return online. E-verify using Aadhaar OTP, EVC (Electronic Verification Code), net banking, or by sending a signed ITR-V to CPC.
ITR-4 Filing Compliance Checklist
| Step/Requirement | Description |
|---|---|
| Eligibility Check | Confirm you meet all ITR-4 eligibility criteria |
| Document Collection | Gather all required documents and proofs |
| Bank Account Pre-validation | Ensure at least one bank account is pre-validated for refunds |
| PAN-Aadhaar Linking | PAN must be linked with Aadhaar |
| Income and Deduction Details | Enter all sources of income and eligible deductions |
| Tax Payment Verification | Confirm all advance/self-assessment tax payments are reflected |
| E-Verification | Complete e-verification within 120 days of filing |
| Deadline Compliance | File before the due date to avoid penalties |
Frequently Asked Questions (FAQs)
Who is eligible to file ITR-4?
Resident individuals, HUFs, and firms (other than LLPs) with total income up to ₹50 lakh and income from business/profession under presumptive taxation can file ITR-4.
What are the key documents required for ITR-4 filing?
PAN, Aadhaar, bank statements, TDS certificates, business/professional details, investment proofs, and other income documents.
What is the due date for ITR-4 filing?
Generally, July 31st of the assessment year, unless extended by the government.
How do I e-verify my ITR-4?
You can e-verify using Aadhaar OTP, EVC, net banking, or by sending a signed ITR-V to the CPC.
What happens if I miss the filing deadline?
Late filing attracts a penalty and may result in loss of certain benefits like carry-forward of losses.
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