4s sugam

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Gangadurai (Querist)
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10 May 2014 The ITR 4s sugam that 8 % of business. Is this applicable for anyone? or Is it has any more requirement to file this itr?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 May 2014 ITR–4S OR SUGAM

Income tax Return to be filed by individuals, HUF and small business taxpayers having:

# Presumptive Business Income
# Salary / Pension
# One house property
# Income from other sources.

This form cannot be used if, taxpayer:

# Has more than one house property
# Speculative income
# Agriculture/Exempt income more than Rs 5000
# Winning from lotteries/races
# Capital gains
# Losses to be carried forward

For detail instruction check out below link--

http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/PDF/Ay-2013-2014/Instruction_ITR_4S_sugam.pdf

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