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  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
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Who cannot file ITR 4S?

Who cannot file ITR 4S?

The ITR-4S Form also called Sugam is the Income Tax Return form for taxpayers who run small businesses. It is applicable where the total turnover or gross receipts for the year are less than Rs 1 Crore and where the income has been calculated under the presumptive method as per Section 44AD and Section 44AE. You can read more about presumptive income and its taxation here.

Who cannot file ITR 4S?

However, the ITR-4S Form cannot be used if the taxpayer has:

  • Income from agency business
  • Income from commission or brokerage
  • More than one house property
  • Earned Speculative income like winning from lotteries, horse races
  • Agriculture income or exempt income more than Rs 5,000
  • Taxable Capital gains
  • Losses to be carried forward
  • Holds any assets outside the country
  • Has any financial interest in any foreign entity
  • Is a signing authority in any bank account located outside India
  • Claimed relief under Section 90 or 91

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Who cannot file ITR 4S?

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Who cannot file ITR 4S?

Who cannot file ITR 4S?

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Who cannot file ITR 4S?

Who cannot file ITR 4S?

Who cannot file ITR 4S?

Who cannot file ITR 4S?

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