Instructions for Filing for SUGAM ITR 4S Income Tax Return for Assessment Year 2016-17

 

1. General Instructions

 

These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962.

 

1. Assessment Year for which this Return Form is applicable

 

This Return Form is applicable for assessment year 2016-17 only, i.e., it relates to income earned in Financial Year 2015-16.

 

2. Who can use this Return Form

 

This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income for the assessment year 2016-17 includes:-

 

  1. Business income where such income is computed in accordance with special provisions referred to in sections 44AD and 44AE of the Act for computation of business income; or

 

  1. Income from Salary/ Pension; or

 

  1. Income from One House Property (excluding cases where loss is brought forward from previous years); or

 

  1. Income from Other Sources (excluding Winning from Lottery and Income from Race Horses).

 

Note 1: The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.

 

Note 2: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.

 

3. Who cannot use this Return Form

SUGAM cannot be used in following cases

  1. Income from more than one house property; or
  2. Income from Winnings from lottery or income from Race horses; or

 

  1. Income under the head “Capital Gains”, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or

 

  1. Agricultural income in excess of ₹5,000; or
  2. Income from Speculative Business and other special incomes; or

 

  1. Income from a profession as referred to in sub-section (1) of section 44AA or income from an agency business or income in the nature of commission or brokerage; or
  2. Person claiming relief of foreign tax paid under section 90, 90A or 91; or

 

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

 

  1. Any resident having income from any source outside India; or
  2. Any partnership firm which has a net loss in presumptive business.

 

4. SUGAM form is not mandatory

SUGAM Business Form shall not apply at the option of the assessee, if -

 

  1. the assessee keeps and maintains all the books of account and other documents referred to in section 44AA in respect of the business.

 

  1. the assessee gets his accounts audited and obtains a report of such audit as required under section 44AB in respect of the business.

In the above scenarios, Regular ITR-4 should be filed and not SUGAM.

for

 

 

1. General Instructions

 

These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962.

 

1. Assessment Year for which this Return Form is applicable

 

This Return Form is applicable for assessment year 2016-17 only, i.e., it relates to income earned in Financial Year 2015-16.

 

2. Who can use this Return Form

 

This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income for the assessment year 2016-17 includes:-

 

  1. Business income where such income is computed in accordance with special provisions referred to in sections 44AD and 44AE of the Act for computation of business income; or

 

  1. Income from Salary/ Pension; or

 

  1. Income from One House Property (excluding cases where loss is brought forward from previous years); or

 

  1. Income from Other Sources (excluding Winning from Lottery and Income from Race Horses).

 

Note 1: The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.

 

Note 2: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.

 

3. Who cannot use this Return Form

SUGAM cannot be used in following cases

  1. Income from more than one house property; or
  2. Income from Winnings from lottery or income from Race horses; or

 

  1. Income under the head “Capital Gains”, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or

 

  1. Agricultural income in excess of ₹5,000; or
  2. Income from Speculative Business and other special incomes; or

 

  1. Income from a profession as referred to in sub-section (1) of section 44AA or income from an agency business or income in the nature of commission or brokerage; or
  2. Person claiming relief of foreign tax paid under section 90, 90A or 91; or

 

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

 

  1. Any resident having income from any source outside India; or
  2. Any partnership firm which has a net loss in presumptive business.

 

4. SUGAM form is not mandatory

SUGAM Business Form shall not apply at the option of the assessee, if -

 

  1. the assessee keeps and maintains all the books of account and other documents referred to in section 44AA in respect of the business.

 

  1. the assessee gets his accounts audited and obtains a report of such audit as required under section 44AB in respect of the business.

In the above scenarios, Regular ITR-4 should be filed and not SUGAM.

 

5. Annexure-less Return Form

 

No document (including TDS Certificate) should be attached to this Return Form. All such documents enclosed with this Return Form will be detached and returned to the person filing the return.

 

6. Manner of filing this Return Form

 

This Return Form can be filed with the Income-tax Department in any of the following ways–

 

(i) By furnishing the return in a paper form;

(ii)By furnishing the return electronically under digital signature;

 

(iii)By transmitting the data in the return electronically under electronic verification code; (iv)By transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR – V;

 

Where the Return Form is furnished in the manner mentioned at 6(iv), the assessee should printout two copies of Form ITR – V.

 

NOTE: One copy of ITR-V, duly signed by the assessee, has to be sent by post to - Post Bag No. 1, Electronic City Office, Bengaluru— 560 100, Karnataka. The other copy may be retained by the assessee for his record.

 

7. Filling out the acknowledgment

 

Only one copy of this Return Form is required to be filed. Where the Return Form is furnished in the manner mentioned at 6(i), the acknowledgment/ ITR-V should be duly filled.

 

8. Obligation to file return

 

Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The deductions under Chapter VI-A are mentioned in Part C of this Return Form. The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:-

 

Sl. No.

Category

Amount (in ₹)

(i)

In case of individuals below the age of 60 years

2,50,000

(ii)

In case of individuals, being resident in India, who are

3,00,000

 

of the age of 60 years or more at any time during the

 

 

financial year 2015-16 but below the age of 80 years

 

 

i.e. born during 1.4.1936 to 31.3.1956

 

(iii)

In case of individuals, being resident in India, who are

5,00,000

 

of the age of 80 years or more at any time during the

 

 

financial year 2015-16 i.e. born before 1.4.1936

 

 

Item by Item Instructions

 

Item

Explanation

A1-A3

Fill your First name, Middle name, Last name in A1, A2, A3 as per details

 

entered in PAN Card

A4

Fill  your  Permanent  Account  Number.  Make  sure  that  you  fill  your  PAN

 

Carefully.

 

(1) Ensure that you enter PAN on the top of every page.

 

(2) In your PAN, first five and last one digit are alphabets and the remaining

 

four digits are numerals.

A5

Fill your Gender, Male or Female

 

A6

 

Fill your Date of birth as per PAN Database Details

 

 

 

 

 

 

NOTE: Always fill your Date of Birth in DD/MM/YYYY Format as given in the

 

 

form

 

 

 

 

 

 

 

 

Fill in the Ward/Circle Example: Ward 15(1), Circle 14(1) You can also fill the

A7

 

full Assessing Officers Code, if known.

 

 

 

 

 

A8-A14

 

Fill in the Communication Address

 

 

 

 

 

 

 

NOTE: A8: Door No./ Flat No., A11: Area/ Locality and A14: PIN Code is

 

 

mandatory. If you have changed your address please indicate the same, so

 

 

that no communication from the department goes undelivered.

 

 

 

 

A15

 

Fill in your status i.e. individual or HUF or partnership firm.

 

 

 

 

A16

 

Fill in your Email Address

 

 

 

 

 

 

 

This is important for faster communication from/ with the department.

A17

 

Fill in your own Mobile number in the first 10 digits. Fill in STD Code in the

 

 

next first 5 digits and then fill the residential/ office phone number in the next 8

 

 

digits. This is important for faster communication from/ with the department.

 

 

Fill the Mobile number of TRP or your representative who has prepared the

A18

 

return on your behalf. This is important for faster communication from/ with the

 

 

department.

 

 

 

 

 

 

A19

 

Shade the appropriate circle.

 

 

 

 

 

 

 

Tax Payable Status

 

 

Shade

 

 

 

 

 

 

 

 

Circle

 

 

 

 

Total Tax Payable

(D12) < Total Prepaid Taxes

(D17)

1

 

 

 

 

Total Tax Payable

(D12) > Total Prepaid Taxes

(D17)

2

 

 

 

 

Total Tax Payable

(D12) = Total Prepaid Taxes

(D17)

3

 

 

A20

 

Shade the appropriate circle. For non-residents certain deductions are not

 

 

available (For more details, refer Income-tax Act, 1961)

 

 

 

 

A21

 

Shade the appropriate circle.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How the return is filed

 

 

Shade

 

 

 

 

 

 

 

circle

 

 

 

Voluntarily on or before the due date under section 139(1)

 

1

 

 

 

 

Voluntarily after the due date under section 139(4)

 

2

 

 

 

 

Revised return under section 139(5)

 

 

3

 

 

 

 

In response to notice under section 142(1)

 

 

5

 

 

 

 

In response to notice under section 148

 

 

6

 

 

 

 

In response to notice under section 139(9)

 

 

4

 

 

 

 

In response to notice under section 153A/ 153C

 

 

7

 

 

 

 

In  pursuance  of  an  order  of  the  Board  under  section

 

8

 

 

 

 

119(2)(b)

 

 

 

 

 

 

A22

 

Exercise the option by shading the circle.

 

 

 

 

 

 

 

If you are governed by Portuguese Civil Code and impacted by Section5A of

 

 

Income-tax Act, 1961. You should enter only your share of income in the

 

 

column B3 (house property) and B4 (other sources). The balance share of

 

 

income under these heads should be entered in the return of income of your

 

 

spouse.

 

 

 

 

 

 

A23

 

If you are governed by Portuguese Civil Code and impacted by Section 5A of

 

 

Income- tax Act, 1961 provide PAN of the Spouse

 

 

 

 

 

A24

 

Provide the receipt number of Original return and Date of filing of Original

 

 

Return. It is mandatory for you to provide these details in case of a revised/

 

 

 

 

defective  return,  else  the  return  will  not  be  accepted  by  Income  Tax

 

 

 

Department.

 

A25

 

If the return is being filed in response to notice by the Income-tax Department

 

 

 

under section 139(9)/142(1)/148/153A/153C provide the date of such notice.

 

A26

 

Shade the appropriate circle. If you have Aadhaar number shade circle 1, if

 

 

 

you do not have Aadhaar number shade circle 2 and if Aadhaar does not

 

 

 

apply to you (HUF and firm) shade circle 3.

 

A27

 

If you have Aadhaar number, provide the same.

 

B1

 

Fill in the details from E6 of schedule BP.

 

 

 

Note: Ensure to fill business codes in the “Nature of Business”. For business

 

 

 

codes refer instructions.

 

B2

 

Fill the details of salary/ pension as given in TDS certificate (Form 16) issued

 

 

 

by the employer. However, if the income has not been computed correctly in

 

 

 

Form No. 16, please make the correct computation and fill the same in this

 

 

 

item. Further, in case there was more than one employer during the year,

 

 

 

please furnish in this item the details in respect of total salaries from various

 

 

 

employers.

 

 

 

NOTE: If Form 16 is not issued, compute as per Work Sheet-1 given in this

 

 

 

instructions

 

B3

 

Compute as per Work Sheet-2 given in this instructions

 

 

 

NOTE: If loss, mark the negative sign with in the brackets at left. Also specify

 

 

 

by shading the circle as whether the house property is ‘Self Occupied’ or ‘Let

 

 

 

Out’.

 

B4

 

Compute as per Work Sheet-3 given in this instructions.

 

B5

 

Add Items B1, B2, B3 and B4. If loss, mark the negative sign with in the

 

 

 

brackets at left. However, this loss cannot be carried forward to next year

 

 

 

using this form. Use ITR-4 for Carry Forward of Losses.

 

 

 

C1

Some of the major items for deduction under this section are- amount paid or

 

deposited towards life insurance, contribution to Provident Fund set up by the

 

Government, recognised Provident Fund, contribution by the assessee to an

 

approved  superannuation  fund,  subscription  to  National  Savings  Certificates,

 

tuition fees, payment/ repayment for purposes of purchase or construction of a

 

residential house and many other investments (for full list, please refer to section

 

80C of the Income-tax Act). As provided in section 80CCE, aggregate amount of

 

deduction under section 80C, 80CCC and sub-section(1) of section 80CCD shall

 

not exceed one lakh fifty thousand rupees.

C2

Deduction  in  respect  of  contributions  to  certain  pension  funds.  Limited  to

 

₹1,50,000/-

C3

Deduction in respect of your contribution under a pension scheme notified by

 

Central Government.

 

For Employees- amount Paid or 10% of salary whichever is less

 

If you like my article, please share this on :


Search Professional Post Query Post Assignment Read More Articles

In case of business query on above subject, comment here or contact CA Chirag Chauhan




article author

CA Chirag Chauhan

Tax Expert
Chartered Accountant, CA Chauhan



CHECKOUT TRENDING ARTICLES


  • How to Pay Zero Tax for Income up to Rs 12 Lakhs from Salary for Financial Year 2016-17

  • Do not wait till 31st July to file your Income Tax Return – Keep Ready 9 documents to file before due date

  • Missed to Submit HRA declaration to Employer? You can claim HRA at the time of Filing Returns and get Refund from Income Tax

  • Features and Step wise process - Income Declaration Scheme 2016 – Convert your Black Money to White

  • How to Pay Zero Tax for Business Receipts -Turnover of Rs 1 Crore

  • How to Pay Zero Tax for Professionals (CA, CS, Lawyers, Doctors, etc) earning Income of Rs 16 Lakhs

  • Why you should file Income Tax Return? Benefits of Filing Income Tax Returns

  • How to save Rs 10 crore as retirement corpus

  • Having Turnover of Less than 10 Lakhs? How to File NIL Service Tax return with Circular No 033/2012

  • Starting a New Business or Profession? Compare Structure and type of Entity– Sole, Partnership, LLP or Company

  • Revised and Latest TDS Tax Deducted at Source Rate Chart for FY 2016-17 AY 2017-18

  • Exemption for Capital Gain Arising on Transfer of Resident House Property

  • WILL- Important points, Tax Advantages of will and Format of WILL

  • Revised and Latest TDS Tax Deducted at Source Rate Chart for FY 2016-17 AY 2017-18

  • Exemption for Capital Gain Arising on Transfer of Resident House Property

  • WILL- Important points, Tax Advantages of will and Format of WILL

  • Senior Citizens Tax Benefits in Income Tax Act - Filing, exemptions, advance tax and other benefits

  • Registration process for Trade Mark


  • GET FREE ARTICLE UPDATES VIA EMAIL

    Always stay updated with latest information on expertmile

    I hope by reading this article you got enlighten on ,Instructions for SUGAM ITR4S filing Income Tax Return for FY 2015-16 AY 2016-17SUGAM Income Tax Return for Financial year 2015-16, SUGAM Income Tax Return for Assessment year 2016-17, Income Tax Return fill up for ITR4S Guidlines, Instructions for SUGAM ITR4S filing Income Tax Return for FY 2015-16 AY 2016-17, further to mention before taken any financial decision based on this content it is prefered to take an expert opinion as matter can be subjective.