ITR for Proprietors & Firms (ITR-4 only)
Ideal for small shopkeepers, online sellers, service businesses with modest turnover, and owner-drivers with a few goods vehicles who prefer a simple profit mark-up on sales or trips
Assisted ITR-4 (Sugam) for a resident individual, HUF, or eligible registered partnership firm (not LLP) when business profit is on presumptive basis under section 44AD—6% or 8% of turnover as the Act states—or under section 44AE for plying, hiring, or leasing goods carriages with not more than ten vehicles. Section 44AD turnover can be up to ₹2 crore, or up to ₹3 crore only if receipts in cash and similar modes are not more than 5% of total turnover. Section 44AD does not apply to agency business, commission or brokerage income such as insurance agents, or to the goods-carriage line (that line uses 44AE). Alongside 44AD or 44AE you must still satisfy the same ITR-4 FAQ caps as the professional plan: total income up to ₹50 lakh; only one house property; salary or pension allowed; other sources only as the FAQ list shows; section 112A long-term gains not above ₹1,25,000; agricultural income not above ₹5,000; no STCG; not RNOR/NRI; not a director; no unlisted equity shares; no brought-forward loss; no deferred ESOP bar; no 115BBDA/115BBE route; not lottery or race-horse income. We do not offer ITR-5.
Inclusions
- ITR-4 with section 44AD deemed profit on turnover, or section 44AE for eligible carriage businesses (≤10 vehicles)
- Turnover checks against the cash/digital thresholds; GST summaries if they help prove receipts
- Salary, pension, one house property, and other sources permitted on ITR-4
- Agricultural income up to ₹5,000 when applicable
- Chapter VI-A deductions you qualify for; Form 10-IEA pointers if you choose the old regime for this income
Exclusions
- Gross receipts/turnover above section 44AD limits for your receipt mix (₹2 crore unless non-cash receipts ≥95% of total receipts, then ₹3 crore) — ITR for business (not under presumptive taxation)
- Agency business; commission or brokerage income (e.g. insurance agent) ineligible for 44AD — ITR for business (not under presumptive taxation) if you are an individual/HUF with books
- Goods-carriage activity: cannot use 44AD for that activity; 44AE applies instead (included in this plan when ITR-4 and 44AE conditions are met)
- Persons required to maintain books u/s 44AA(1) and not eligible for presumption — ITR for business (not under presumptive taxation)
- Same ITR-4 ineligible list as the professional plan: income above ₹50 lakh; RNOR/NRI; STCG; section 112A gains above ₹1,25,000; more than one house; agricultural income above ₹5,000; director; unlisted shares; brought-forward loss; deferred ESOP; 115BBDA/115BBE; lottery or race horses; etc., per the ITR-4 FAQ
- Trading / F&O primary — ITR for Traders
Recommended For
- Small business owners and retailers (sole proprietors)
- Registered partnership firms (other than LLP) that qualify for ITR-4 Sugam
Not Recommended For
- Outside 44AD / 44AE thresholds or ineligible business type — ITR for business (not under presumptive taxation)
- LLPs; companies (ITR-6); and any person required to file ITR-5 — those returns are not offered here
- Facts that fail any bullet in the ITR-4 FAQ eligibility list for the year you file
How It Works
- Share your details and upload documents
- Our expert prepares your tax return
- Review and approve your return
- We file your return and help with e-verification
- Get ITR-V after e-filing
- Post-filing support available
Documents Required
- PAN and Aadhaar for e-filing
- Form 16 if you have salary
- Form 16A for TDS on rent, interest, contractor payments, etc.
- Form 26AS and AIS
- Bank statements covering business turnover
- Sales register, GST GSTR-1/3B summaries, or other turnover proof
- For section 44AE: vehicle RCs, trip logs or hire contracts, and receipts per vehicle as per rules
- Partnership deed and partner profit share if a firm (non-LLP) files
- Rental agreement, rent receipts, housing loan interest certificate
- Donation and investment receipts for Chapter VI-A
- Form 10-IEA acknowledgement if opting out of the default regime for business income
Time Estimate
5-7 business days after document submission
Remarks
- We do not list a separate plan for section 44AE alone: goods-carriage presumptive filing is handled here when your return remains ITR-4-eligible. Advance tax applies for 44AE as per FAQ. Regime switching: Form 10-IEA and lifetime regime-switch rules for business income per portal guidance.
- If you need full books and normal profit (not 44AD/44AE presumption), choose ITR for business (not under presumptive taxation). Audit fees not included.