Income Tax Department has released ITR-4 and ITR4S (SUGAM) excel based forms as free software for submitting online INDIAN INCOME TAX RETURN for the Financial Year 2010-11 or Assessment Year 2011-12. ITR-4S (SUGAM) is new Income Tax Form for the Assessment Year 2011-12. Now question arise that who will submit ITR-4 and who will submit ITR-4S (SUGAM).
ITR-4. ITR-4 form will be used for Individuals and HUFs having income from a properietory business or profession for the Assessment Year 2011-12 as per Rule 12 of the Income Tax-Rules,1962)
ITR-4S (SUGAM). This form will be used for submitting online Indian Income Tax Return for Presumptive Business Income Return. for the Assessment Year 2011-12 as per rule 12 of the Income Tax-Rules 1962.
To download Indian Income Tax Return forms Manual or Excel Based (Click Here)