Status of co op -society


07 May 2013 WE HAVE APPLYING FOR GETTING PAN OF CO- OPERATIVE SOCIETY,there is no status column provided in Form 49A form,please reply at earliest WHICH STATUS I CAN BE MARKED IN FORM 49A AND WHICH STATUS WE CAN FILING I.T.Return,

07 May 2013 As per my opinion you have to fill AOP but the tax rate applicable is same as co-op society...as many co-op banks are reg under AOP.

Regards,
Neha Chauhan

07 May 2013 This is a question of law and the matter is pending with Hon'ble Supreme Court in SLP 3976/2010. For the time being the only way is to consider yourself as an AOP even though there are court verdicts that Co-operative societies are not AOP and file return in form ITR-5.




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