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      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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