Article · Help page

Individual having Income from Business or Profession (AY 2026-27)

Income Tax Department · incometax.gov.in Free Beginner India

The department's page on which return a proprietor or professional files: ITR-3 for regular business income, ITR-4 (Sugam) for presumptive income under 44AD, 44ADA or 44AE with total income up to ₹50 lakh, and who cannot use ITR-4.

  • ITR-4 is optional and only for presumptive income up to ₹50 lakh.
  • A company director cannot use ITR-4.
  • Audited cases must file the audit report a month before the return.
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It answers 2 questions

  1. How do I register a sole proprietorship in India?
  2. How do I file an income tax return on business income in India?

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