Search This Blog

Friday, April 4, 2014

ITR 4S (Sugam)


ITR 4S (Sugam)

------------------------------------------------------------------------------------------------------------------------------
Eligibility :
------------------------------------------------------------------------------------------------------------------------------
- Individual/HUF,
- whose total income for the assessment year 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)

------------------------------------------------------------------------------------------------------------------------------
Ineligibility:
------------------------------------------------------------------------------------------------------------------------------
(a) Income from MORE THAN ONE House Property; or

(b) Income from winning 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 the sale of house, plot, shares etc.; or

(d) Income from agriculture/exempt income in excess of ₹ 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 agency business or income in nature of commission or brokerage; or

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

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

(i) Person other than Individual/HUF

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

No comments:

Post a Comment