Which itr return should my client fill for ay 13-14 ?

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Jignesh Desai (Querist)

25 July 2013 My client has the following types of Incomes (or losses) for Ay 13-14 :-

1) Bank Interest 11250
2) Salary 300000
3) Dividend on Shares 2200
4) Fd Interest 15874
5) Interest on Infra Bond 1600
6) Interest on Loan to Partnership Firm in which he is a Partner 422000
7) Long Term Loss on Shares 40000
8) PPF Interest 12000
9) Short Term Loss on Shares 10560 .

Moreover , he has paid Interest to an Individual on Loan taken from that Individual - 500000 .

His exemptIncome u/s 10 is more than 5000 .

Which ITR should be filed for him ? Since he is Partner in a Firm , will I need any additional details/documents from him about his Partnership in the Firm apart from the Interest he has received on his Capital in the Firm in order to fill in the ITR ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

25 July 2013 ITR 3 needs to be filed. Go thorough ITR 3 you will know the details required to be furnished. Name and PAN of firm will be required and the % Share is firm will be needed. For details of information required please go through ITR 3.

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