Whether IT4 (Fy-24/25) can be used to report LTCG less than 1.25L?

You can use ITR-4 (Sugam) for the current assessment year, given your income sources and the long-term capital gains (LTCG) from mutual funds being less than ₹1.25 lakh. Here's a breakdown.

- *Eligibility for ITR-4*: This form is suitable for individuals and entities with business income under presumptive taxation schemes, having total income up to ₹50 lakh, and LTCG under Section 112A up to ₹1.25 lakh without any capital losses to carry forward.

- *Income Sources Covered*: ITR-4 can accommodate your income sources, including: - *Business Income*:

From presumptive taxation - *Interest Income*: From fixed deposits (FD) and savings bank (SB) accounts - *LTCG*: Up to ₹1.25 lakh from mutual funds - *Salary/Pension*: ₹6,000 per annum - *Dividend Income*: ₹100 - *Key Considerations*:

 Ensure your total income doesn't exceed ₹50 lakh, and you don't have any capital losses to carry forward.

 Given your situation, ITR-4 seems suitable, but it's always a good idea to consult a tax professional to confirm and ensure compliance with all tax regulations.