Which ITR form is applicable

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Querist : Anonymous

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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

20 September 2010 ITR-3 is the appropriate form.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2010 Warrier sir,
thanks for replying.
sir please explain the exempted income from agriculture.




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