ITR for Presumptive Income
For small businesses + professionals using Section 44AD (8% / 6% of turnover) or 44ADA (50% of receipts).
Who files
Small businesses + professionals using presumptive taxation.
Due date
31 July
Penalty
₹5,000 late fee + 1% interest.
Filed on
incometax.gov.in
ITR-4 (Sugam) is for taxpayers opting presumptive taxation. Section 44AD applies to small businesses (turnover ≤ ₹3 cr if cash receipts ≤ 5%, otherwise ₹2 cr). Section 44ADA applies to professionals (gross receipts ≤ ₹50 lakh, ₹75 lakh if cash receipts ≤ 5%). Section 44AE applies to transporters with ≤ 10 vehicles.
Business / professional gross receipts
Presumptive profit (auto-calculated)
Other sources, capital gains (if minimal)
Deductions, tax computation
No — presumptive profit is final. Lower percentages allowed only with full books + tax audit.