Now Filing for ITR 4 for AY 2018-19 has been also started after enabling ITR 1 for filing on 20/04/2018 by income tax department.
ITR 4 is basically Income Tax Return for the presumptive income (which means declared income should be equal or higher than certain percentage of income of the turnover of the assessee.)
For the Business concerned assessee can declare income 8% or more income up to turnover of Rs. 2 crore. If the turnover is higher than Rs. 2 Crore or Net profit is less than 8% then assessee can not opt for 44AD (Presumptive Income) and required to get its books of account audited and file ITR 3 under The Income Tax Act, 1961.
For the Professional concerned asssessee can declare income 50% or more of Gross receipts during the year up to turnover of Rs. 50 lacs.
ITR 4 is also applicable for transporter as the fulfilling of conditions prescribed.
As the due date for individual not fall under audit criteria is 31st July 2018 and late filing fess is also introduced from previous year it is expected that other return also made by income tax department shortly.