ITR-4 for FY 2024-25 | ITR-4 filing for 2025-26 AY | Which ITR to file for Presumptive Income

Are you eligible to file ITR-4 Sugam Form for the Financial Year 2024-25? In this comprehensive video, we break down the latest eligibility rules, conditions, inclusions, and exclusions for ITR-4 filing as per the Income Tax Department of India. 🔍 What you’ll learn in this video: ✅ Who can file ITR-4 for FY 2024-25 | AY 2025-26 ✅ Conditions under Section 44AD, 44ADA & 44AE ✅ Income types allowed under ITR-4 ✅ Who cannot file ITR-4 ✅ Presumptive taxation scheme explained ✅ Latest updates & budget changes applicable from FY 2024-25 ✅ Due dates and penalties for non-compliance 🧾 Who is Eligible to File ITR-4 (Sugam) for FY 2024-25? Individuals, Hindu Undivided Families (HUFs), and Firms (other than LLPs) can file ITR-4 if: • They are residents in India • Their total income is up to ₹50,00,000 • They have income from business or profession under the presumptive taxation scheme Business income under Section 44AD Professional income under Section 44ADA Income from goods carriage under Section 44AE • They have income from: Salary or pension One house property (excluding losses) Other sources like interest income, family pension • Agricultural income is up to ₹5,000 • Long-term capital gains (LTCG) under Section 112A up to ₹1.25 lakh (as per Budget 2024 changes) 🚫 Who Cannot File ITR-4? You cannot use ITR-4 if you: • Are a non-resident or RNOR (Resident but Not Ordinarily Resident) • Have income exceeding ₹50 lakh • Own more than one house property • Have agricultural income exceeding ₹5,000 • Are a director in a company • Have invested in unlisted equity shares • Have foreign assets or foreign income • Have income from lottery, race horses, legal gambling • Are claiming capital gains (other than allowed) or losses carried forward • Are claiming deductions under Section 10(38), 115BBE, 115BBDA, etc. • Want to claim double taxation relief under Section 90 or 91 🆕 What’s New in ITR-4 for FY 2024-25: • LTCG up to ₹1.25 lakh under Section 112A now allowed • Revised format for Form 10-IEA (to switch between old and new regime) • Enhanced disclosure for TDS/TCS, turnover, presumptive income details • Additional reporting for rental deductions via Form 10BA • Online & offline Excel utilities enabled from June 2025 🗓️ Important Due Dates: • Original due date: 31st July 2025 • Likely extended deadline: 15th September 2025 (Check CBDT notifications) • Belated/ Revised return: 31st December 2025 🔔 Don’t forget to like, share, and subscribe to our channel for the latest updates on Income Tax, GST, Finance & Investment tips! ITR-4 FY 2024-25, ITR-4 AY 2025-26, ITR-4 eligibility, presumptive taxation, 44AD, 44ADA, 44AE, income tax return filing 2025, ITR-4 latest changes, Form 10-IEA, Form 10BA, ITR-4 Sugam Form, who can file ITR-4, ITR-4 India 2025, LTCG 112A in ITR-4, budget 2024 tax return, CA tax filing tips India, ITR-4 for professionals 📌 Hashtags: #itr #india #incometaxreturn #incometax #finance #business #entrepreneur #startup #ytshorts 📌 Disclaimer: This video is intended for educational purposes only. It does not constitute professional or legal advice. Please consult a qualified Chartered Accountant or Tax Consultant for personalized guidance based on your individual financial situation.