ITR‑4 Made Simple: Stress‑Free Filing Under the New Tax Rules


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	Blog Categories All Computax Helping Videos (1) NEW CHANGES (7) Income tax > NEW CHANGES ITR‑4 Made Simple: Stress‑Free Filing Under the New Tax Rules Category: NEW CHANGES, Posted on: 05/06/2026 , Posted By: Team Modern Tax ConsultantDigital Transformation i Visitor Count:17 “ITR‑4 Made Simple: Stress‑Free Filing Under the New Tax Rules” Default Tax Regime Shift • The Finance Act, 2025 made the new regime the default for AY 2026–27 onwards. • ITR-4 reflects this: taxpayers must actively opt out (via Form 10-IEA) if they want the old regime. Deduction Landscape • Old regime: continues to allow broader deductions (80C, 80D, 80GG, etc.), but requires supporting forms. • New regime (post-2025 Act): deductions are restricted mainly to employer NPS contributions and Agni veer Corpus Fund deposits. • The manual highlights this reduced scope, aligning with the Finance Act’s simplification intent. Capital gains cap • Finance Act, 2025 introduced a ₹1.25 lakh exemption cap for long-term capital gains u/s 112A. • ITR-4 incorporates this limit directly in its eligibility criteria. Compliance Timelines • The Act tightened verification deadlines: e-verification must be completed within 30 days. • ITR-4 manual explicitly warns that late verification changes the filing date to the verification date, triggering late fees/interest. Presumptive Taxation Continuity • Sections 44AD, 44AE, 44ADA remain the backbone for ITR-4 eligibility. • The Finance Act, 2025 reaffirmed these presumptive schemes but aligned them with the new regime’s simplified structure • Verification deadline → You must e-verify your return within 30 days. If you miss this, your return will be treated as late or even invalid. Disclaimer: The content of the blog does not create any responsibility of the firm / its authorized persons whose website is being accessed. The blog is not for legal use. Kindly verify the correctness of data/contents from your own sources. This is only for information purpose. Add a Comment Name: Your Comment: View Comments (0)

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