www.incometax.gov.in using your PAN → go to e-File → Income Tax Returns → View Filed Returns → locate your Assessment Year (e.g., AY 2026-27) → click Download JSON and convert it into a standalone 2-page CA-style Computation PDF on HelYou24's Free Converter.
Difference Between ITR-V Acknowledgement and Computation of Income Sheet
| Comparison Feature | ITR-V (Verification Acknowledgement) | Computation of Total Income PDF |
|---|---|---|
| Primary Purpose | 1-page receipt proving return filing & Aadhaar OTP e-verification | Detailed 2-page working sheet showing how every income head & tax slab was calculated |
| Schedule BP / 44AD Turnover | Not shown on ITR-V summary | Clearly displays Gross Turnover, 6% Digital vs 8% Cash split & Presumptive Profit |
| Chapter VI-A & TDS Credits | Shows only aggregate Gross/Total Income | Itemizes Sec 80C, 80D, 80CCD, Rebate u/s 87A, TDS, TCS & Self-Assessment Tax |
| Bank Loan & Embassy Acceptance | Submitted as filing proof alongside Computation | Mandatory underwriting sheet for Home Loans, MSME CC/Mudra & Visa applications |
1. How to Download Your Computation of Income PDF from the Income Tax Portal
One of the most frequent questions searched by Indian taxpayers applying for a home loan or business loan is: "Where is the Download Computation of Income button on incometax.gov.in?" Officially, the Income Tax e-Filing portal does not generate a standalone CA-style Computation Sheet—it provides the 1-page ITR-V Acknowledgement and the raw Filed Return JSON.
Follow these exact steps to export your official return data and generate a clean 2-page Computation PDF in under 60 seconds:
- Visit the official Income Tax e-Filing portal at
https://www.incometax.gov.inand log in using your 10-character PAN (or 12-digit Aadhaar) and password. - From the top navigation bar, select e-File → Income Tax Returns → View Filed Returns.
- Locate the Assessment Year you need (for example, AY 2026-27, AY 2025-26, or AY 2024-25).
- Click the Download JSON button (note: download the Filed Return JSON from "View Filed Returns", not the raw pre-fill JSON). A file named with your acknowledgement number (such as
856049920010726.json) will save to your computer or phone. - Open the HelYou24 ITR JSON to Computation PDF Converter, select your
.jsonfile, and click View PDF or Download Computation PDF.
2. Anatomy of a Standard 2-Page CA-Style Computation Sheet
Chartered Accountants and bank credit underwriters follow a standardized layout governed by Section 14 of the Income-tax Act, 1961. Every Computation PDF generated from your JSON on HelYou24 contains:
- Assessee Master Block: Full Name, Father's Name (from Verification), PAN, formatted Aadhaar number, Date of Birth, Residential Status, Complete Address with PIN code, Mobile/Email, Trade Name, Filing Section (
139(1)On-Time vs.139(4)Belated vs.139(5)Revised), and Tax Regime opted. - Part A — Statement of Total Income: Aggregates all five statutory heads—(1) Income from Salaries after Section 10 exemptions and Section 16 standard deduction, (2) Income from House Property, (3) Profits & Gains of Business or Profession (Schedule BP), (4) Capital Gains, and (5) Income from Other Sources (Schedule OS)—followed by Chapter VI-A deductions and statutory rounding to the nearest multiple of ₹10 under Section 288A.
- Part B — Computation of Tax Liability: Shows normal slab tax, Rebate under Section 87A, Surcharge, 4% Health & Education Cess, Relief u/s 89, statutory interest/late fees under Sections 234A, 234B, 234C, and 234F, prepaid taxes (TDS, TCS, Advance Tax, Self-Assessment Tax), and final Net Tax Payable or Refund Due (rounded u/s 288B).
- Page 2 Supporting Schedules & Verification: Slab-wise tax calculation table (Schedule 1), Presumptive Turnover & Profit summary (Schedule 2), optional Schedule BP Balance Sheet particulars, Schedule OS interest breakup, Reported Bank Accounts with IFSC codes, and the formal Verification declaration.
3. Section 44AD & Section 44ADA Presumptive Taxation Explained
To simplify compliance for small shopkeepers, traders, contractors, and independent professionals, Parliament enacted presumptive taxation under Chapter IV-D of the Income-tax Act:
- Section 44AD (Eligible Businesses): Resident Individuals, HUFs, and Partnership Firms (excluding LLPs) with turnover up to ₹2 Crore (or up to ₹3 Crore where cash receipts do not exceed 5% of total gross receipts) can declare profit at a minimum of 6% on banking/digital receipts (UPI, NEFT, RTGS, IMPS, A/c payee cheque, POS cards) and 8% on cash receipts, without maintaining detailed books of account u/s 44AA or undergoing tax audit u/s 44AB.
- Section 44ADA (Specified Professionals): Resident doctors, legal practitioners, chartered accountants, architects, engineers, interior designers, and software/IT consultants with gross receipts up to ₹50 Lakh (or ₹75 Lakh when cash receipts are ≤5%) can declare a minimum of 50% of gross receipts as presumptive professional income.
4. Worked Numerical Examples (AY 2026-27 — Finance Act, 2025)
Example A: Retail Business Proprietor Filing ITR-4 (u/s 44AD)
Suppose a retail store owner reports total gross turnover of ₹27,58,080 during FY 2025-26 (AY 2026-27), comprising ₹22,12,340 via UPI/Bank and ₹5,45,740 in cash. The proprietor declares actual net business income of ₹6,63,680 on digital receipts (30.00%) and ₹1,62,710 on cash sales (29.81%), totaling ₹8,26,390 under Schedule BP, plus ₹636 savings interest and ₹366 FD interest (₹1,002 under Schedule OS):
- Gross Total Income: ₹8,26,390 + ₹1,002 = ₹8,27,392 → Rounded off u/s 288A to ₹8,27,390.
- AY 2026-27 Slab Tax u/s 115BAC(1A): ₹0 on first ₹4,00,000 + ₹20,000 (5% on ₹4L–₹8L) + ₹2,739 (10% on remaining ₹27,390) = ₹22,739.
- Less: Rebate u/s 87A: Since Total Income (₹8,27,390) is within the ₹12,00,000 threshold under Finance Act, 2025, full rebate of ₹22,739 applies → Net Tax Payable = NIL (₹0).
Example B: Salaried Employee Filing ITR-1 (Sahaj)
Suppose a salaried engineer earns Gross Salary of ₹11,50,000 in FY 2025-26 (AY 2026-27), claims Standard Deduction of ₹75,000 u/s 16(ia), earns ₹14,000 bank FD interest, and has ₹18,500 TDS deducted by the employer:
- Net Salary Income: ₹11,50,000 − ₹75,000 = ₹10,75,000.
- Total Taxable Income: ₹10,75,000 + ₹14,000 = ₹10,89,000.
- Slab Tax & Rebate: Tax before rebate = ₹48,900; Full Section 87A Rebate = ₹48,900 → Gross Tax Liability = ₹0.
- Refund Due: Since ₹18,500 TDS was deducted at source, Part B reflects Refund Due = ₹18,500 credited to the pre-validated bank account.
5. Popular CBDT ITR-4 Business & Profession Codes Reference
When your ITR-4 JSON is parsed on HelYou24, our engine maps your 5-digit CBDT Nature of Business code to its official sector description on Page 1:
| CBDT Code | Official Sector / Nature of Business Description | Applicable Section |
|---|---|---|
| 09023 | Retail sale in non-specialized stores (Kirana / General Provision Stores) | Sec 44AD |
| 09024 | Retail sale of textiles, readymade garments, footwear & leather goods | Sec 44AD |
| 09025 | Retail sale of electrical household appliances, mobile phones & electronics | Sec 44AD |
| 09028 | Retail sale of other products n.e.c. (Ayurvedic, specialty retail, etc.) | Sec 44AD |
| 06010 | Civil construction, building maintenance & contracting activities | Sec 44AD |
| 10007 | Restaurants, fast-food outlets, cafes & catering services | Sec 44AD |
| 14001 | Software development, web engineering & IT-enabled consultancy | Sec 44ADA |
| 16002 | Accounting, bookkeeping, tax return preparation & auditing services | Sec 44ADA |
| 16007 | Medical clinics, dental practice & allied healthcare professionals | Sec 44ADA |
6. Bank Loan ITR Documentation Checklist (Home, Business & MSME Loans)
Before submitting your income documents to a bank branch or DSA portal, organize a clean PDF folder for each Assessment Year (typically the latest 2 to 3 filed years):
- ITR-V Acknowledgement PDF (downloaded from View Filed Returns, showing e-Verification status).
- 2-Page Computation of Total Income PDF (generated from each year's official
.jsonfile via HelYou24.com). - Form 26AS & Annual Information Statement (AIS) (confirming TDS credits and high-value banking transactions).
- 12-Month Operative Bank Statement of the primary account listed in Schedule Bank Details of your computation.
- Udyam Registration Certificate / Shop & Establishment License / GST Returns (if applicable for MSME business loans).
Which ITR Form Should You File? (ITR-1 vs. ITR-2 vs. ITR-3 vs. ITR-4 Matrix)
Selecting the wrong ITR form renders a return defective under Section 139(9). Use this systematic eligibility table for Resident Individuals & HUFs before downloading or converting your JSON on our ITR JSON to Computation PDF Converter:
| ITR Form | Who Can File | Key Income / Turnover Limits |
|---|---|---|
| ITR-1 (Sahaj) | Resident Individuals with Salary/Pension, 1 House Property, Interest & LTCG u/s 112A up to ₹1.25L | Total Income up to ₹50 Lakh; no business income |
| ITR-2 | Individuals & HUFs with Capital Gains (Stocks/Mutual Funds/Property), >1 House Property, Foreign Assets, or Director in Company | No business/professional income |
| ITR-3 | Individuals & HUFs having regular Business/Profession books, FnO/Intraday trading, or Partner remuneration/interest in Firm | Mandatory when tax audit u/s 44AB applies |
| ITR-4 (Sugam) | Resident Individuals, HUFs & Firms (excl. LLP) opting for Presumptive Taxation u/s 44AD, 44ADA, or 44AE | Total Income ≤ ₹50L; Turnover up to ₹2 Cr (₹3 Cr if ≥95% digital) |
Quick Reference: Common TDS Sections & Statutory Compliance Calendar
| Section / Compliance | Nature of Payment / Obligation | Threshold / Key Due Date |
|---|---|---|
| Sec 194A | TDS on Bank / Post Office FD & RD Interest | 10% above ₹50,000 (₹1,00,000 for Senior Citizens) |
| Sec 194C | Payment to Contractors / Sub-Contractors | 1% (Individual/HUF) or 2% (Others) above ₹30k single / ₹1L annual |
| Sec 194J | Professional / Technical Services | 10% (Professional) / 2% (Technical) above ₹50,000 |
| Sec 194I | Rent of Land/Building/Furniture | 10% (2% Plant & Machinery) above ₹50,000/month |
| Advance Tax Quarters | Regular Taxpayers (Tax liability > ₹10,000) | 15 Jun (15%), 15 Sep (45%), 15 Dec (75%), 15 Mar (100%) |
| Sec 44AD / 44ADA Advance Tax | Presumptive Business / Professional Filers | Single 100% installment on or before 15th March |
| ITR Filing Due Dates | Non-Audit vs. Tax Audit Assessees | 31st July (Non-Audit) & 31st October (Tax Audit u/s 44AB) |
Frequently Asked Questions
Can I download a Computation of Income PDF directly from incometax.gov.in?
No. The Income Tax portal lets you download ITR-V (1-page acknowledgement), the full multi-page ITR Form PDF, and the Filed ITR JSON file, but not a 2-page CA-style Computation of Total Income summary. You can download your Filed ITR JSON from incometax.gov.in and convert it into a formatted 2-page Computation PDF free on HelYou24.com.
What is the turnover limit for Section 44AD presumptive taxation in AY 2026-27?
Under Section 44AD, the basic turnover limit is Rs. 2 Crore. However, if at least 95% of your aggregate gross receipts during the financial year are received through banking or digital modes (cash receipts do not exceed 5%), the enhanced Section 44AD turnover threshold is Rs. 3 Crore.
Can I declare higher profit than 6% or 8% under Section 44AD?
Yes. Section 44AD prescribes 6% (on digital/bank turnover) and 8% (on cash turnover) as statutory minimum presumptive profit rates. Taxpayers regularly declare their actual higher net profit percentage earned during the year, and HelYou24 displays your exact declared percentage from the JSON.
Are Chapter VI-A deductions like 80C and 80D allowed in the New Tax Regime?
Under the default New Tax Regime u/s 115BAC(1A), individual deductions under Sections 80C, 80D, 80TTA, and 80G are not deductible, though employer NPS contribution u/s 80CCD(2) and salaried standard deduction of Rs. 75,000 u/s 16(ia) are allowed. If you opted for the Old Tax Regime (Form 10-IEA where applicable), Chapter VI-A deductions present in your JSON are automatically included in a dedicated schedule.
.json file for instant viewing and download.