ITR-4 Presumptive Tax Filing

About This Service

ITR-4 (Sugam) is for individuals, HUFs, and firms with income from business or profession who opt for the presumptive taxation scheme under sections 44AD, 44ADA, or 44AE. Under this scheme, you declare income at a prescribed rate (6-8% for business, 50% for professionals) without maintaining detailed books of accounts. This is the most cost-effective way for small businesses and professionals to file their returns.

What’s Included

Presumptive Income Calculation

Accurate computation under 44AD (business) or 44ADA (profession) schemes.

Turnover Verification

Ensure your business turnover is within the ₹2 crore limit for presumptive taxation.

Section 80 Deductions

Claim all eligible deductions under Chapter VI-A on top of presumptive income.

Bank Account Reconciliation

Verify business receipts match bank statements for compliance.

Advance Tax Guidance

Calculate and guide advance tax payments to avoid interest charges.

Digital Transaction Analysis

Proper categorization of cash vs digital transactions for 6%/8% rate determination.

How It Works

1

Share Turnover Details

Provide business turnover, bank statements, and PAN/Aadhaar.

2

Income Computation

CA computes presumptive income at applicable rates and optimizes deductions.

3

Quick Review

Review the simplified return before filing.

4

File in 24hrs

Fast-track filing with e-verification support.

Frequently Asked Questions

Q: What is presumptive taxation?
Under presumptive taxation, you declare income at a minimum of 8% of turnover (6% for digital receipts) without maintaining books. Professionals declare at 50% of gross receipts.
Q: What is the turnover limit?
Business turnover must be up to ₹2 crore for 44AD. Professional gross receipts must be up to ₹50 lakhs for 44ADA.
Q: Can I claim expenses under presumptive?
No, all expenses are deemed to be already accounted for in the presumptive rate. However, you can still claim Chapter VI-A deductions like 80C, 80D.
Q: Is presumptive scheme mandatory?
No, it is optional. But once opted, you must continue for 5 years. If you opt out within 5 years, you cannot use it for the next 5 years.

Why Choose TaxHealer?

50% Cheaper

Save up to 50% compared to ClearTax and TaxBuddy.

CA Verified

Every return reviewed by qualified Chartered Accountants.

48hr Filing

Most returns filed within 48 hours.

WhatsApp Support

Chat directly with your assigned CA anytime.

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