SEO Sai Gr. Hosp.
210022 Points
Joined July 2016
For AY 2018-19 .........
SUGAM (ITR4) cannot be used in following cases:-
(a) Income from more than one house property or where there is brought forward loss or loss to be carried forward under this head; or
(b) Income from Winnings from lottery or income from Race horses; or
(c) Income under the head ―Capital Gains, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or
(d) Income taxable under section 115BBDA; or
(e) Income of the nature referred to in section 115BBE; or
(f ) Agricultural income in excess of Rs.5,000; or
(g) Income from Speculative Business and other special incomes; or
(h ) Income from an agency business or income in the nature of commission or brokerage; or
(i ) Person claiming relief of foreign tax paid under section 90, 90A or 91; or
(j ) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India; or
(k) Any resident having income from any source outside India.