ITR 4 V/s ITR 4 Sugam

If a person neither a contractor nor declaring income u/s 44AE then which ITR (ITR-4 or ITR-4S) filed

one of the individual dealer having wholesale business for assessment year.2011-2012,turnover approx rs.3000000 & net profit rs.115000,shall he file itr4 or itr4s?will he liable for tax audit?

and in the above case if his profit is above 8%,say rs.241000,will he liable to file in itr4s.

@ jay rajendra damaniya...

(its compulsory to  declares profit 8% or more on turnover if no audit ) itr 4s being filed.

if wants to show profit less than 8%.. audit by practicing chartered accountant wil be compulsary

ITR-4: ITR-4 form will be used for Individuals and HUFs having income from a properietory business or profession for the Assessment Year 2011-12 as per Rule 12 of the Income Tax-Rules,1962)

ITR-4S (SUGAM): This form will be used for submitting online Indian Income Tax Return for Presumptive Business Income Return. for the Assessment Year 2011-12 as per rule 12 of the Income Tax-Rules 1962.

HOW TO FILE INCOME TAX RETURN U/S 44 AF IN E-FILLING IN GOVERRNMENT WEBSITE FORM