My name is Form 4- also called Sugam. I am the form for persons in simple business or profession- filing presumptive income
Who I am: I am ordinary resident (means mostly in India in current/last 7-10 years not going into technicalities). My income < 50 lac
My Incomes : Salaries -I may have
My Incomes: House Property (but only rental from 1, No losses brought or to carry forward)- I may have
My Incomes: Other Sources (but no loss under this, no winning from lottery, no race horse income, remember I am simple)-I may have
My Incomes: Business-Presumptive Income- I must have (this form is specially for me being presumptive)
My Incomes: Capital Gains, Business Income, Exempt Income/Agricultural Income> 5k: No Presumptive form for me
I am complex sentence: I am a director, hold unlisted shares, have foreign assets/income. No Sugam way for me