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What is the structure of the ITR-4S Form?


What is the structure of the ITR-4S Form?

ITR-4S is divided into:

  • Part A: General Information
  • Part B: Gross total income from the five heads of income
  • Part C: Deduction and total taxable income
  • Part D: Tax computation and tax status
  • Verification & signatures on the return

Schedule BP – Details of income from Business. The following information is required in this schedule

Computation of presumptive income under 44AD

Computation of presumptive income under 44AE

Financial Particulars of the Business

  • Schedule IT: Statement of payment of advance-tax and tax on self-assessment.
  • Schedule-TCS: Statement of tax collected at source.
  • Schedule TDS1: Statement of tax deducted at source on salary.
  • Schedule TDS2: Statement of tax deducted at source on income other than salary.
  • Supplementary schedule TDS1
  • Supplementary schedule TDS2
  • Supplementary schedule IT
  • Supplementary schedule TCS

How do I file my ITR-4S Form?

You can submit your ITR-4S Form either online or offline. It is mandatory to file Income Tax Returns electronically (either through Mode 3 or Mode 4) for the following assesses:

  • those who earn more than Rs. 5 lakhs per year
  • those having any assets outside India (including financial interest in any entity) or signing authority in any account outside India
  • those claiming relief under Section 90/90A/91 to whom Schedule FSI and Schedule TR apply

Offline:

  • By furnishing a return in a physical paper form
  • By furnishing a bar-coded return

The Income Tax Department will issue you an acknowledgment at the time of submission of your physical paper return.

Online/Electronically:

  • By furnishing the return electronically under digital signature
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V

If you submit your ITR-4S Form electronically under digital signature, the acknowledgment will be sent to your registered email id. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department’s CPC office in Bangalore within 120 days of e-filing.

Remember that ITR-4S is an annexure-less form i.e. you do not have to attach any documents when you send it.

What is the structure of the ITR-4S Form?

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