Which ITR form is applicable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2010
Dear All,
One of my frient is a partner in a firm and do not getting any saleries or amount from the firm except interest on Capital. Current year interest is approx 2 Lac. He is doing agriculture also the agriculture land is on on his father's name. I want to know which ITR form used for his return. Income from agriculture is approx 80 thousands. How much is exempted from the income tax.
regards,
JS
One of my frient is a partner in a firm and do not getting any saleries or amount from the firm except interest on Capital. Current year interest is approx 2 Lac. He is doing agriculture also the agriculture land is on on his father's name. I want to know which ITR form used for his return. Income from agriculture is approx 80 thousands. How much is exempted from the income tax.
regards,
JS
20 September 2010
ITR-3 is the appropriate form.
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2010
Warrier sir,
thanks for replying.
sir please explain the exempted income from agriculture.
thanks for replying.
sir please explain the exempted income from agriculture.
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