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The flat-rate taxation system (ITR-4 or Sugam) allows small businesses and professionals to easily file the ITRs at a fixed lump-sum income rate under section 44AD (for small businesses); section 44ADA (for professionals); and section 44AE (for carriers).
In qualifying for presumptive taxation, it is not necessary to keep books of account or check taxes. The simplified tax system overcomes the instinctive dependence of SMEs on listed accountants for the filing of the ITR. Benefits can only be withdrawn by resident Indians, including individuals, HUFs or partnership companies. 
Section 44AD
For the 2018-19 fiscal year, businesses with less than 2 million rupees in annual sales may Produce ITR 4 under Article 44AD at a presumptive income of 6% of the gross receipt for digital / non-cash revenue and 8% of the gross receipt for cash payments. Digital transactions here categorically include amounts received by check, bank draft, RTGS, NEFT, ECS, IMPS or credit / debit cards.
Assumed levels (6% or 8%) are minimum taxable levels. For lower tax return, the company is required to keep books of accounts and tax audit. If one shies away from presumptive taxation after one year for the lowest incomes, the tax audit is mandatory for the next five years. They can not avail of a presumptive diet for the next five years.
Similarly, one can not make an application under section 44 of the Act if it is referred to in section 44ADA or earned by the board
Benefits can only be earned by resident Indians, including individuals, HUFs or partnerships.
Article 44ADA
Under section 44 of the ADA exercising in various professions such as legal, medical, engineering, computer, or Other professions notified by CBDT may file ITR at an alleged income of 50 percent on gross receipts. Eligibility is not limited to a diploma or a professional qualification. However, the annual activity generated should not be more than Rs 50 lakhs. Suspected earnings are considered final; you can not claim other business expenses. In addition, you must pay the tax advance by March 15 of the previous year or interest in accordance with section 234C
After submitting the declaration, save the acknowledgment number
Article 44EE
The presumed income provided for in Article 44AE provides relief individuals, HUFs and companies engaged in transport activities such as the rental, leasing or leasing of freight wagons. In addition, they must not own more than 10 vehicles at a time during the exercise. The presumptive income is set at Rs 7,500 per vehicle. Again, if you want to report a lower income, there is an underlying need to keep books and have taxes checked.
Form ITR 4S
Form ITR-4S (Sugam) is divided into 4 parts: A, B, C and D. You need to share general information, gross income, deduction and taxable income, tax calculations and status in each part.
Like ITR 1, ITR 4 S can be completed online and offline. However, it is a form without an appendix, that is, the attachment is not required. You must use the official I-T department website to submit ITR. It is hbadle free and convenient to download the form and download it later. An online tax calculator is also there to help you.
After sending the statement, record the number of acknowledgment received. Those who have not yet created a digital signature must check ITR by sending it within 120 days to the CPC office in Bangalore.
Anyone who has opted for the presumptive tax can no longer claim his business expenses, net of investments, interest on the mortgage and repayment, etc., are allowed to all individuals and all HUF. So you can file your return without being intimidated by the tax system. Choose your form and file without hbadle.
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