SUGAM ITR-4S

The SUGAM ITR-4S is a Form used by a certain section of Tax Assessees while filing their Income Tax Returns in India. The process of filing Tax Returns in the Indian subcontinent is done through various types of ITR and other Forms.

The SUGAM ITR-4S Form is a Presumptive Income Tax Return Form and is part of the Income Tax Returns Filing process with the Income Tax Department of India. The Form is required to be filled out and submitted by those who are eligible to use it under the Income Tax Act, 1961, and the Income Tax Rules, 1962.

This Return Form can be used by Individual/HUF whose total income for the assessment year 2015-16 includes:-

Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.

ITR-4S Profesional man work

Every Income Tax Return Form is applicable only to a certain section of Assessees and only those who are eligible to fill a particular form are allowed to do so. In the event that a wrong form has been filled out while filing Tax Returns, the form is liable to be rejected by the Income Tax Department of India.

An important factor to take note of before filing Income Tax Returns through the SUGAM ITR-4S Form is that this Form is not to be used by any Individual or Hindu Undivided Family that fulfills any of the following criteria

Individuals and Hindu Undivided Families who have earned their Income only through the following means only are eligible to use the SUGAM ITR-4S Form to file their Income Tax Returns