Deepak Gupta | May 2, 2018 |
CBDT issues guidelines for filling ITR-4 SUGAM for AY 2018-19
These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962.
Assessment Year for which this Return Form is applicable
This Return Form is applicable for assessment year 2018-19 only, i.e., it relates to income earned in Financial Year 2017-18.
Who can use this Return Form
This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income for the assessment year 2018-19 includes:-
Note 1: The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.
Note 2: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.
Who cannot use this Return Form
SUGAM cannot be used in following cases:-
SUGAM form is not mandatory
SUGAM ITR Form shall not apply at the option of the assessee, if:-
In the above scenarios, regular ITR-3 or ITR-5, as the case may, should be filed and not SUGAM.
5. Annexure-less Return Form
No document (including TDS Certificate) should be attached to this Return Form. All such documents enclosed with this Return Form will be detached and returned to the person filing the return.
6. Manner of filing this Return Form
This Return Form can be filed with the Income-tax Department in any of the following ways
Where the Return Form is furnished in the manner mentioned at 6 (iv), the assessee should printout two copies of Form ITR V. One copy of ITR-V, duly signed by the assessee, has to be sent by post to – Post Bag No. 1, Electronic City Office, Bengaluru 560500, Karnataka. The other copy may be retained by the assessee for his record.
Only the following persons have an option to file return in paper form:-
In case of a Firm, option to file return in paper form is not applicable.
Filling out the acknowledgment
Only one copy of this Return Form is required to be filed where the Return Form is furnished in the manner mentioned at 6(i). The acknowledgment/ITR-V should be duly filled.
Obligation to file return
Every individual or HUF whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The deductions under Chapter VI- A are mentioned in Part C of this Return Form. The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:-
|Amount (in Rs.)
|In case of individuals below the age of 60 years
|In case of individuals, being resident in India, who are of the age of 60 years or more at any time during the
financial year 2017-18 but below the age of 80 years.
|In case of individuals, being resident in India, who are of the age of 80 years or more at any time during the
financial year 2017-18.
Every firm shall furnish the return of income in this ITR Form, where income from business or profession is computed in accordance with section 44AD, section 44ADA or section 44AE.
Click here to download the guidelines issued by CBDT. This guideline also includeItem by Item Instructions for filing XML.
Click here to download the ITR form
Instructions for filing ITR for AY 2018-19 | FY 17-18
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