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ITR-4 Filling

Who is eligible to file ITR-4?

ITR-4 can be filed by a Resident Individual / HUF / Firm (other than LLP) who has:
• Income not exceeding ₹50 Lakh during the FY
• Income from Business and Profession which is computed on a presumptive basis u/s 44AD, 44ADA or 44AE
• Income from Salary/Pension, one House Property, Agricultural Income (up to ₹ 5000/-)
• Other sources which include (excluding winning from Lottery and Income from Race Horses): 

  • Interest from Savings Account
  • Interest from Deposit (Bank / Post Office / Cooperative Society)
  • Interest from Income Tax Refund
  • Family Pension
  • Interest received on enhanced compensation
  • Any other Interest Income (e.g., Interest Income from unsecured loan)

What documents do I need to file ITR-4?

You will need to keep the below documents ready (as applicable) to file ITR-4:

  • Form 16
  • Form 26AS & AIS
  • Form 16A
  • Bank Statements
  • Housing Loan Interest Certificates
  • Receipts for Donation Made
  • Rental Agreement
  • Rent Receipts
  • Investment premium payment receipts – LIC, ULIP etc
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