Who is not eligible to file ITR-4 for AY 2021-22?

The Income Tax Return is a document or form that must be submitted to the Income Tax Department of India. It comprises information on a person’s earnings and the taxes that must be paid on those earnings throughout the year.

One of the forms for filing income tax returns is the ITR-4 Sugam. It is intended for taxpayers who selected a presumptive income plan. Sections 44AD, 44AE, and 44ADA all describe this plan in detail.

Who is not eligible to file ITR-4:

An individual, HUF, or firm (other than an LLP) that is an RNOR or a non-resident Indian is not permitted to file an ITR-4.

• has a total revenue of more than Rs. 50 lakh
• has an agricultural revenue of at least $5,000.
• is a Company Director
• has income from multiple residential properties;
• has the following types of income:
  • money from a lottery;
  • Owning and caring for race horses;
  • income subject to special rates of taxation under Section 115BBDA or 115BBE;
• has ever owned unlisted equity shares throughout the past year.
• has postponed paying income tax on ESOPs obtained from a qualifying start-up employer.
• is not covered by the ITR-4 eligibility requirements.