Download ITR Form Sugam (ITR-4) for FY 2019-20 | AY 2020-21
CBDT has released Form Sugam (ITR-4) for Assessment Year 2020-21 i.e. for Financial year 2019-20 vide Notification No. 01/2020/F. No. 370142/32/2019-TPL. The Central Board of Direct Taxes (CBDT) has notified two Income Tax return (ITR) forms i.e ITR-1 and Itr-4 for the assessment year of 2020-21.
ITR Form 4 is to be used by an individual or HUF, who is resident other than not ordinarily resident, or a Firm (other than LLP) which is a resident, whose total income for the assessment year 2020-21 does not exceed Rs.50 lakh and who has income under the following heads:-
(a) Income from business where such income is computed on presumptive basis under Section 44AD (i.e. Gross Turnover upto Rs. 2 crore) or Section 44AE (income from goods carriage upto ten vehicles); or
(b) Income from Profession where such income is computed on presumptive basis under Section 44ADA (i.e. Gross receipt upto Rs. 50 lakh); or
(c) Income from Salary/ Pension; or
(d) Income from One House Property; or
(e) Income from Other Sources.
One Can Download ITR 4 AY 2020-21 from Income Tax’s Website, after 31st March 2020.
There are high chances that other forms news will also be notified soon. ITR forms for ay 2020-21 download can be done from Income Tax’s Website, after 31st March 2020.