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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2013 Dear Sir,
A person whose particulars as follows-

1. Salary from partnership firm - 240000/-
2. Interest on capital invested - 18000/-
3. Share in Profit of firm after deductinig salary and interest - 25000/-

Now please advise me,which itr form should be use in above case. And point 3rd income is taxable in the hands of partner or not.

Thanks and Regards.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
20 June 2013 ITR-3

Item no 3 is expempted as it is already taxed in the hand of partnership firm
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