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File Your
ITR-4
Returns
ITR-4 is the Income Tax Return form for individuals, Hindu Undivided Families (HUFs), and firms (other than LLP) who have income from presumptive business or profession. It is applicable for individuals engaged in business or profession and opting for the presumptive taxation scheme under Sections 44AD, 44ADA, and 44AE of the Income Tax Act.
At Future Tax, we specialize in assisting individuals with income from presumptive business or profession in filing their income tax returns using the ITR-4 form in India. Our expert guidance and assistance ensure accurate reporting and compliance with tax laws.
Filing your income tax return using ITR-1 is essential for several reasons:
Compliance:Fulfill your legal obligation to report your income and pay taxes.
Claim Refunds: Claim refunds if excess taxes have been deducted from your income.
Presumptive Income: Suitable for individuals opting for presumptive taxation scheme under Sections 44AD, 44ADA, and 44AE.
Avoid Penalties: Avoid penalties and legal consequences for non-filing or incorrect filing of income tax returns.
Required
Documents
for Filing
Profit & Loss Statement:
Statement of business income and expenses.
Balance Sheet:
Statement of assets, liabilities, and equity.
Business Invoices
Invoices for sales and services rendered.
Expenses Proof
Proof of business expenses such as rent, utilities, salaries, etc.
GST Returns
GST return filings and related documents (if applicable).
Steps for
ITR-4 Filing:
01.
Free Consultation
Contact us for a free consultation to discuss your tax filing needs and objectives
02.
Document Collection
Provide necessary documents such as Form 16, bank statements, investment proofs, etc.
03.
Tax Planning
Develop a personalized tax planning strategy to optimize your tax position.
04.
4. Tax Return Preparation
Our experts prepare and file your tax return accurately and timely.
05.
5. Review and Submission
We review your tax return for accuracy and submit it to the Income Tax Department.
How it
Works
Free Consultation
Contact us for a free consultation to discuss your income tax filing needs and objectives.
Document Collection
Provide necessary documents such as Form 16, bank statements, investment proofs, etc.
Return Preparation
Our experts prepare and file your income tax return using the ITR-1 form accurately and timely.
Review and Submission
We review your tax return for accuracy and submit it electronically to the Income Tax Department.
Full Control
Enjoy complete control over your business decisions.
Tax Benefits
Benefit from personal tax rates as income is considered the owner's income.
Easy to Start
Minimal regulatory requirements make it easy to start.
Low Compliance
Fewer compliance requirements compared to other business structures.
Benefits Of
ITR-4 Filing
• Legal Compliance
Filing business taxes ensures compliance with tax laws and regulations, helping businesses avoid legal issues, penalties, and audits. It demonstrates the business's commitment to following legal standards and maintaining transparency in financial reporting.
• Claiming Refunds
If you have paid more taxes than required through TDS (Tax Deducted at Source) or advance tax payments, filing your income tax return allows you to claim a refund. This ensures you receive back any excess tax paid during the year
• Avoiding Penalties:
Timely filing of income tax returns helps you avoid penalties and interest charges that may be levied for non-compliance or late filing. This contributes to maintaining a good standing with tax authorities and avoids unnecessary financial burdens.
• Financial Record:
Your income tax return serves as an important financial record of your income, investments, deductions, and taxes paid. It can be used as proof of income for various financial transactions such as applying for loans, visas, or insurance policies.
Additional Services
List of Our Services
PAN and TAN Application:
- Obtain your Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Accounting and Bookkeeping:
- Keep your financial records in order with our expert services.
Compliance Services:
- Ensure your business complies with all legal requirements.
Trademark Registration:
- Protect your brand with trademark registration.
Contact Us
Drop Us a Line
Send us your messages and inquiries effortlessly through our contact form.
