ITR 4

Form ITR-4 is required to be filed by those individuals whose income comes from the following sources:

  • Business Income under Section 44AD/Section 44AE

  • Income from profession as per Section 44ADA

  • Income up to INR 50 lakhs from Salary/Pension

  • Income up to INR 50 lakhs from One House Property (does not include brought forward loss or loss to be brought forward under this head)

  • Income from other sources up to INR 50 lakhs (does not include winning from lottery or horse races)

  • Form ITR-4 can also be filed by freelancers in case their income does not exceed INR 50 lakhs.