ITR-4
Definition
Simplified ITR form for individuals and HUFs opting for presumptive income schemes (Section 44AD for business, 44ADA for professionals). Not applicable for F&O traders or large businesses.
In Context
Small business owners (turnover ≤ ₹3Cr) and professionals (receipts ≤ ₹75L) can opt for ITR-4 for simplified compliance without detailed accounting.
Related Terms
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