Who can use ITR-4
- Resident individual, HUF or firm other than LLP.
- Business/profession income computed presumptively under sections 44AD, 44ADA or 44AE.
- Total income up to Rs. 50 lakh, excluding permitted section 112A LTCG up to Rs. 1.25 lakh as per portal guidance.
- May include salary/pension, one house property, other sources, agricultural income up to Rs. 5,000 and permitted section 112A LTCG.
Key exclusions
- Director in a company, unlisted equity shares, foreign assets, foreign income or foreign signing authority.
- Short-term capital gains or long-term capital gains under section 112A exceeding Rs. 1.25 lakh.
- Brought-forward loss or loss to be carried forward under any head.
- ESOP tax deferral, section 194N cases or other special exclusions in portal validation rules.
Records to reconcile
- AIS, TIS, Form 26AS and TDS certificates.
- Bank statements, gross receipts and GST turnover where registered.
- Broker capital-gain statement if section 112A gains exist.
- Form 10-IEA acknowledgement if opting out of the default new regime.
Applicable year and source discipline
Last fact-checked: 25 May 2026.
AY 2026-27 means FY 2025-26 income and is still filed under the Income-tax Act, 1961 using forms/instructions for that assessment year. Tax Year 2026-27 means FY 2026-27 income under the Income Tax Act, 2025. The two should not be mixed.
Where this page discusses a new form, rate, portal label or transition item, treat it as usable only when supported by the live e-filing portal, a CBDT notification, the Income Tax Department guidance page, the supplied Act PDF, or ICAI material.
What a serious tax expert should verify
- Financial year, assessment year or tax year being handled.
- Residential status, age category, taxpayer type and whether business/professional income exists.
- Correct ITR form, utility validation rules and schedule requirements.
- AIS, TIS, Form 26AS, Form 16/Form 16A, TDS/TCS credits and advance-tax challans.
- Special-rate income such as section 111A, 112, 112A or VDA before applying section 87A rebate.
- Whether a claim is notified law, portal functionality, a draft/proposal, or a competitor summary.
FAQs
Which year should I use for ITR-4 Filing Guide - AY 2026-27?
Use AY 2026-27 for FY 2025-26 income under the Income-tax Act, 1961. Use Tax Year 2026-27 for FY 2026-27 income under the Income Tax Act, 2025.
What documents should I share with a tax expert?
Share the portal screenshot, exact year, income breakup, certificates, AIS/Form 26AS, notices, challans and any computation already prepared.
Can WorkIndex help me find a specialist?
Yes. Post a requirement with the legal year, records and deadline so experts can quote on the real issue instead of a generic page title.