Instructions of ITR- 4S Sugam for E-filing of AY 2013-14

We have uploaded ITR-4S Sugam as applicable for AY 2013-14 / FY 2012-13 for online filing of Income Tax Returns for Presumptive Income Tax Return. This Return Form is applicable for assessment year 2013-2014 only, i.e., it relates to income earned in Financial Year 2012-13. We have also discussed who can use this Return Form, Who cannot use this Return Form, for whom SUGAM form is not mandatory and Manner of filing this Return Form.

1. Who can use this Return Form

This Return Form is to be used by an individual / HUF whose total income for the assessment year 2013-14 includes:‑

(a) Business income where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income; or

(b) Income from Salary/ Pension; or

(c) Income from One House Property (excluding cases where loss is brought forward from previous years); or

(d) Income from Other Sources (Excluding winning from Lottery and Income from Race Horses).

Note: The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.

Note: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.

2. Who cannot use this Return Form

SUGAM cannot be used to file the following incomes

(a) Income from more than one house property; or

(b) Income from winnings from lottery or income from Race horses; or

(c) Income under the head “Capital Gains”, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc; or

(d) Income from agriculture/exempt income in excess of Rs. 5,000; or

(e) Income from Speculative Business and other special incomes; or

(f) Income from a profession as referred to in sub-section (1) of section 44AA or income from an agency business or income in the nature of commission for brokerage; or

(g) Person claiming relief of foreign tax paid under section 90,90A or 91; or

(h) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India.

3. SUGAM form is not mandatory

SUGAM Business Form shall not apply at the option of the assessee, if -

(1) the assessee keeps and maintains all the books of account and other documents referred to in section 44AA in respect of the business.

(ii) the assessee gets his accounts audited and obtains a report of such audit as required under section 44AB in respect of the business.

In the above scenarios, Regular ITR-4 should be filed and not SUGAM.

4.Annexure-less Return Form

No document (including TDS Certificate) should be attached to this Return Form. All such documents enclosed with this Return Form will be and returned to the person filing the return.

5. Manner of filing this Return Form

This Return Form can be filed with the Income-tax Department in any of the following ways —

(i)By furnishing the return in a paper form;

(ii)By furnishing the return electronically under digital signature;