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Form ITR 4 is to be filed by taxpayers who have opted for a presumptive taxation scheme under Section 44D, 44DA, 44AE of the Income Tax Act, 1961. But this business is subject to the limit of turnover i.e. if the turnover is more than Rs 2 crore then the taxpayer is required to file ITR 3 Form.
Eligibility to file Form ITR 4
Individuals who have income from the following sources have to file ITR 4 form:
- Business income under section 44AD/section 44AE.
- Income from a profession as per section 44ADA.
- 50 lakhs from salary or pension income up to Rs.
- 50 lakh from the property of a house up to Rs.50 lakh (not including loss brought forward or loss to be brought forward under this head)
- Income from other sources up to Rs 50 lakh (does not include winnings from lottery or horse races)
- Form ITR 4 can also be filed by freelancers if the income does not exceed Rs 50 lakh.
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How Company is Different?
Diverse Platforms, Systems & Tools Expertise
Company’s IT specialists are adept at both legacy and new-age platforms, systems and tools. We, thereby, comprehend client requirements easily and swiftly devise tools and strategies to mitigate client problems
Huge Technical Proficiency
Company employs IT professionals with specialties across languages and technologies. We are, therefore, in a constant state of readiness to deploy suitable IT experts to specific client needs
Wide Industry Base
We have clients across a wide range of industries and regions around the globe. This has given us the experience and insights into the unique considerations of different organization, thereby building our best practices compendium
Swift Design & Implementation
At Company, our team of IT specialists are quick in requirement assessment, design and implementation. Backed by adequate tests and comprehensive documentation, we offer a safe net to enterprises, shortening the time-to-operate and optimizing the resources
Our IT specialists are available for round-the-clock support and maintenance services. With Company, you experience no downtime!
Cost-Arbitrage with Cost-Efficiencies
At Company, we follow flexible pricing models that take into consideration client needs and limitations. Our tailor-made pricing enables our clients to effect cost efficiencies with a huge margin. At the same time, our price-points fit in easily with client’s digital transformation budgets
It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.
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