Step-by-Step Guide to Filing ITR 4 Form Online for AY 2024-25

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How to File ITR 4 form online for AY 2024-25

Learn how to file your ITR 4 Form online for AY 2024-25 with this step-by-step guide. Simplify the tax filing process and ensure accuracy with expert tips from Manoj Kumar D & Associates (MKDA).Filing your Income Tax Return (ITR) is an essential responsibility, and if you're filing under the presumptive income scheme, you’ll need to use the ITR 4 Sugam form. This guide will walk you through the process of filing the ITR 4 form online, ensuring a smooth and hassle-free experience.

Log in to the Income Tax e-Filing Portal

Start by visiting the official Income Tax Department’s website. Log in using your PAN (Permanent Account Number), password, and the captcha code provided. If you don't have an account, you'll need to register first.

Navigate to the Income Tax Return Section

Once logged in, go to the 'e-File' menu on the dashboard and select the 'Income Tax Return' option. This will lead you to the page where you can begin filing your return.

Select the Assessment Year

Choose the relevant assessment year for which you are filing the return. For example, if you are filing for the financial year 2023-24, select the assessment year 2024-25

Choose ITR 4 and the Mode of Filing

Next, select ITR 4 as your form type. Opt for the online mode to prepare and submit the form directly through the portal. This is the most convenient option as it allows for real-time validation of your entries.

Fill in the Required Details

The ITR 4 form is divided into several sections:

  • General Information: Enter your personal details, such as name, address, PAN, and contact information.
  • Income Details: Provide details of your income from business or profession, as well as any income from house property or other sources.
  • Deductions: Enter information on deductions you are claiming under Chapter VI-A, including investments in PPF, life insurance, and other eligible deductions.
  • Tax Computation and Payment: Ensure the tax calculated matches the tax you’ve paid during the financial year.

Validate the Information

After filling out all the required sections, validate the form to check for any errors. This is an essential step to ensure that all your details are correct before submission.

Verify Your Return

Verification is the final step. You can choose to e-verify your return immediately using Aadhaar OTP, net banking, or other options. Alternatively, you can verify it later by sending a signed physical copy of ITR-V to the CPC in Bengaluru.

Submit the ITR 4 Form

Once verified, submit your return. The system will generate an acknowledgment number, which you should note down and save for future reference.

Download and Save the Acknowledgment

After submission, download the ITR-V (Acknowledgment) and keep a copy for your records. This document is proof that you have successfully filed your income tax return. By following these steps, you can easily file your ITR 4 form online. If you need assistance or have any questions about the process, Manoj Kumar D & Associates (MKDA) is here to help. Our team of tax professionals can guide you through the filing process , ensuring that your return is accurate and submitted on time.

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