Question

    What is the annual income limit for filing

    ITR-4?
    A ₹20 Lakh Correct Answer Incorrect Answer
    B ₹30 Lakh Correct Answer Incorrect Answer
    C ₹40 Lakh Correct Answer Incorrect Answer
    D ₹50 Lakh Correct Answer Incorrect Answer
    E ₹60 Lakh Correct Answer Incorrect Answer

    Solution

    To use ITR-4 (Sugam), taxpayers must meet specific criteria: • Total income should not exceed Rs. 50 lakh. • Income must be derived from specified sources, such as salary, pension, one house property, interest income, presumptive business income (up to Rs. 2 crores), and professional income (up to Rs. 50 lakh).

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