30th September of each financial year is the scheduled date for filing an ITR-4.
The person with the below-mentioned income sources can fill out the ITR-4 form – Income from a profession under section 44ADA Income up to Rs. 50 lacs (Pension/Salary) Income up to Rs. 50 lacs from the house property Freelancers (if the pay does not more than Rs. 50 lacs)
The person who is not eligible for filing an ITR-4 form include – Who is a director of a company Has income source outside India Holds equity/shares at any point during the previous year Has any financial interest/asset outside India
XML is a type of file format. With an XML file, the income details of a person are automatically entered in the online ITR-4 form.
One can revise the ITR before processing by the department or before the expiry of the applicable assessment year whatever is earlier.
Yes, the income tax laws mentioned that if income is received in India, it comes under income tax.
If a taxpayer is listed as a company under the companies act of 1956, it should not be able to file ITR.
We provide services to YouTubers to easily file their ITR.