ITR-4 Form 2020-21 - Summary
ITR-4 Form 2020-21 PDF for Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs.50 lakh, one house property (single ownership), having income from business and profession which is computed under sections 44AD, 44ADA or 44AE or Interest Income, Family pension, etc. and agricultural income up to Rs.5 thousand.
ITR-4 Form 2020-21 – Eligible Criteria
ITR 4-Sugam is for Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs.50 lakh, one house property (single ownership), having income from business and profession which is computed under sections 44AD, 44ADA or 44AE or Interest Income, Family pension, etc. and agricultural income up to Rs.5,000.
ITR-4 Form 2020-21 – Changes 5 New Disclosures
1. House ownership: Individual taxpayers who are joint owners of house property cannot file ITR4.
2. Passport: One needs to disclose the Passport number if held by the taxpayer. This is to be furnished both in ITR 1-Sahaj and ITR 4-Sugam. Hopefully, it will be made mandatory in other ITR Forms as and when they are notified.
3. Cash deposit: For those filing ITR 4-Sugam, it has been made compulsory to declare the amount deposited as cash in a bank account, if such amount exceeds Rs 1 crore during the FY.
4. Foreign travel: If you have spent more than Rs 2 lakh on traveling abroad during the FY, you need to disclose the actual amount spent.
5. Electricity consumption: If your electricity bills have been more than Rs 1 lakh in aggregate during the FY, you need to disclose the actual amount.
You can download the ITR-4 Form PDF format online from the link given below or an alternative link.
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Advance Tax Income Tax Challan Form 280
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TDS/TCS Tax Challan Form 281
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Income Tax Challan Form 286
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Naya Saral Form No 2E
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Form No 61 (Rule 114B)
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Form 3CE Rule 6GA