Tax planning
Presumptive income tax return, ITR-4 (Sugam), Sec 58 (old 44AD, 44ADA, 44AE)
Who it is for: Small business, freelancers under 44ADA
What this means, checked by a CA
Small traders, shop owners, freelancers and professionals can declare income at a fixed percentage of turnover without full books. We check you qualify, work out presumptive income at 6%, 8% or 50%, fill the balance sheet items the form asks for, and file and e-verify ITR-4.
₹1,999
a year, + 18% GST
- Delivered in 2 working days after bank statements, turnover and balances
- Due: Due 31 August of the assessment year for non-audit business or profession (31 August 2026 for AY 2026-27, now passed). Belated return up to 31 December 2026.
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 9 items
Bank statements for the year
Split digital and cash receipts
Gross turnover or receipts
Eligibility limit and income
GSTIN and GST outward suppliesOptional
Reported in Schedule BP
Debtors, creditors, stock, cash on 31 March
Mandatory financial particulars
Foreign invoices and FIRA, if anyOptional
Gross receipts in rupees
Form 10-IEA acknowledgement, if old regimeOptional
Number and date in return
AIS, TIS and Form 168 (old Form 26AS)
TDS and reported receipts
Validated bank account
Refund credit
Advance tax challansOptional
Credit for tax paid
DiscussionWhat we discuss · 6 items
Are you a director, do you hold unlisted shares, foreign assets, or agricultural income above ₹5,000?
ITR-4 is barred in these cases
What share of receipts came in cash?
Decides ₹3 crore or ₹75 lakh limit and 6% or 8%
Do you want to declare income below the presumptive rate?
Then books, audit and ITR-3 apply
Old regime this year, and was Form 10-IEA filed on time?
Late return loses the old regime
Any capital gains beyond ₹1.25 lakh LTCG, or losses to carry forward?
Needs ITR-3 instead
Was advance tax paid by 15 March?
Single instalment rule, else interest
FormsForms we file · 6 items
Check ITR-4 eligibility and presumptive limits
Where: Internal. Due: Before filing
If old regime is wanted, file Form 10-IEA (or the re-entry choice)
Where: https://www.incometax.gov.in. Due: On or before the Sec 263(1) (old 139(1)) due date, 31 August 2026
Compute presumptive income
Sec 58 (old Sec 44AD): 6% of bank and digital receipts plus 8% of cash and other receipts (or higher actual); Sec 58 (old Sec 44ADA): 50% of gross receipts; Sec 58 (old Sec 44AE): per vehicle
Where: Internal. Due: Before filing
Fill Schedule BP (E1 to E10) and financial particulars E11 to E25 as on 31 March 2026
Where: https://www.incometax.gov.in. Due: With the return
Pay self-assessment tax and interest
Tax less TDS, TCS and advance tax; Sec 424 and 425 (old Sec 234B and 234C) interest if 15 March instalment was short
Where: https://www.incometax.gov.in. Due: Before submitting
Submit ITR-4 for AY 2026-27 and e-verify
Where: https://www.incometax.gov.in. Due: 31 August 2026 (belated up to 31 December 2026); verify within 30 days
DeliverablesWhat you get · 3 items
Filed ITR-4 acknowledgement
When: Same day
Presumptive income working
When: With the filing
Sec 270(1) (old 143(1)) intimation and refund
When: Usually weeks after verification
Questions people ask
What is the due date for ITR-4 this year?
31 August 2026 for non-audit business and professional income, under the amended Sec 139(1).
Do I need to keep books under 44ADA?
Presumptive income is 50% of gross receipts; the form still asks for key balances as on 31 March.
Can a freelancer with foreign clients use 44ADA?
Yes, if gross receipts are within the limit; measure them at invoice value in rupees.
How is advance tax paid under the presumptive scheme?
In one instalment by 15 March; shortfall attracts interest.
Can an LLP file ITR-4?
No. ITR-4 is for individuals, HUFs and firms other than LLPs.
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