Download Income Tax Return (ITR) 4 for assessment year 2013-2014.i.e FY 2012-13. ITR 4 is applicable to by an individual or a Hindu Undivided Family who is carrying out a proprietary business or profession. In case if person is not maintaining the books of accounts as per section 44AD he can file ITR4S. Limit for u/s 44AD of Income Tax Act is Rs 1 Crore.
1. Assessment Year for which this Return Form is applicable
This Return Form is applicable for assessment year 2013-2014 only, i.e., it relates to income earned in Financial Year 2012-13.
2. Who can use this Return Form
This Return Form is to be used by an individual or a Hindu Undivided Family who is carrying out a proprietary business or profession.
3. Obligation to file return
(a) Every individual and HUF has to furnish the return of his income if his total income before allowing deductions under section 10A or section 10B or section 10BA or Chapter VI-A (i.e., if his gross total income referred to in item 10 of Part B-TI as increased by item 6 of Schedule 10A, item f of Schedule 10A and item f of Schedule 10A of this Form) exceeds the maximum amount which is not chargeable to income tax [Rs. 1,80,000/- in case of individuals below the age of 60 years (other than women) and HUF, Rs. 1,90,000/- in case of women below the age of 60 years, and Rs. 2,50,000/- in case of individuals who are of the age of 60 years or more but less than eighty years at any time during the financial year 2012-13, and Rs. 5,00,000/- in the case of individuals who are of the age of 80 years or more at any time during the financial year 2012-13].
(b) The losses, if any, (item-15 of Part B-TI of this Form) shall not be allowed to be carried forward unless the return has been filed on or before the due date.
(c) The deduction under sections 10A, 10B, 80-IA, 80-IAB, 80-IB and 80-IC shall not be allowed unless the return has been filed on or before the due date.