Income Tax Filing for Small Businesses under ITR-4 (Presumptive Taxation Scheme) – FY 2024–25
For small businesses and professionals in India, managing detailed books of accounts and audits can often become a burden. To reduce compliance costs and encourage ease of doing business, the Income Tax Act offers the Presumptive Taxation Scheme (PTS) under Sections 44AD, 44ADA, and 44AE. Eligible taxpayers can file their income tax returns using ITR-4…