Under rule 164 of the Income-tax Rules, 2026, which of the following persons are not eligible to file…

Under rule 164(5) of the Income-tax Rules, 2026 (formerly rule 12 of the Income-tax Rules, 1962), Form SUGAM (ITR-4) for the tax year commencing on 1 April 2026 is meant for an individual or Hindu undivided family who is resident other than not ordinarily resident, or a resident firm other than a limited liability partnership, whose income from business or profession is computed under the presumptive provisions of section 58 of the Income-tax Act, 2025. Under rule 164(6), a person is not eligible to file ITR-4 if, among other things, he is a director in any company (1), has held any unlisted equity share at any time during the tax year (2), has assets (including financial interest in any entity) located outside India (3), or has total income exceeding ₹ 50 lakh. A resident firm other than a limited liability partnership (4) is expressly covered by rule 164(5), and income from other sources such as savings bank interest (5) is not a ground of ineligibility, so persons 4 and 5 can use ITR-4. Hence 1, 2, 3 only; every other option includes person 4 or 5.