ITR-4 Form Filing

ITR-4 Form Filing

ITR-4 Form Filing- The Income Tax Department has notified various ITR forms for different Taxpayers who are based on the source of income of different taxpayers. This is done in order to create a simple tax structure in our country. Based on the source of income, a taxpayer chooses ITR form and file his/her return. The return is required to be filed every year subsequent to the year of income. Now the details of PAN and Aadhaar card is mandatorily required to be furnished with the department while filing the ITR return. There are various forms like ITR 1, ITR 4, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 which is required to be filed by the different Taxpayer. However, it is to be noted that it is not mandatory to file the return by all taxpayers, this is only the certain individual having threshold income more than as prescribed under the Income Tax Act who are required to submit the Income-tax return. The return must be filed before the due date in order to avoid late fees and penalties. Further, aforesaid forms are designed for different taxpayers and they shall be processed by the income tax department accordingly.

The ITR-4 Form shall be filed by only taxpayers opted for the presumptive income in accordance with Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act, 1961.


ITR Form 4 is to be filed by individuals or HUFs or Partnership Firm whose total income includes:

All business income computed in accordance with provisions of Sections 44AD and Section 44AE of the Income Tax Act.

All Income from any Profession computed in accordance with provisions of Sections 44ADA

Income from Salary or from pension but up to Rs 50 lakhs.

Income from One House Property.

Income from Other Sources


Any taxpayer who is having income from sources as stated above and said income is more than Rs 50 lakhs.

A director of a company having investment in unlisted equity shares

Mandatory requirement for filing ITR Form 4

PAN card

Aadhaar card

Form 16 issued by your employer

Form 26As download form TRACES web portal


We can submit ITR-4 Form either online or offline.


The Form ITR 4 can be filed through offline mode the same is to be submitted in prescribed Form however, the Income-tax department has allowed only below person to submit the offline Form

  1. A taxpayer having age 80 years or more any time during the previous year;
  2. Taxpayer or HUF having income not exceeding Rs 5 Lakhs also he has not claimed any refund of Income Tax.

The return shall be submitted in physical Form. The Income Tax Department after receiving the Form will issue an acknowledgment in this regard.


The ITR-4 Form Filing can be furnished online as well, for this one need to login to the account which shall be prepared on the website of Income-tax department and shall be verified. Thereafter, an acknowledgment shall be send to the registered email id of the Taxpayer. The online return can be verified through Aadhaar OTP/EVC.

Every year Form ITR -4 has to be filed on or before 31st July of the subsequent year. Thereafter, the late fee shall be levied. Here is a tabular representation of late fees for easy understanding:

Filing Date If Income is Below 5,00,000/- If Income is Above 5,00,000/-
31st July 2019 0 0
Between 1st August to 31st Dec 2019 1,000/- 5,000/-
Between 1st Jan 2020 to 31st March 2020 1,000/- 10,000/-



  1. It is not applicable on a Director of a company or person who has invested in unlisted equity shares.
  2. Bifurcation of standard deduction, entertainment allowance and professional tax.
  3. Bifurcation of Deduction under Section 80G ie., Amount of Donation into cash and other mode.
  4. Separation of Business details.
  5. Replacement of the word GST turnover with Annual value of outward supplies
  6. Availability of Deemed to be let out property option under head “Income from house property”.
  7. Inclusion of Section 80TTB for senior citizens.
  8. Income wise information under the ‘Income from other sources’.

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