Dear all,
I would like to know regarding applicability of ITR for filinngrerurn of a society. Whcih ITR is required ? ITR-5 OR ITR-7
5 Replies
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 12 January 2011
ITR-5: It is to be used by a partnership firm, Assocation of Persons (AOP), Body of Individuals (BOI), Artificial Judicial Person (AJP), Co-operative Society or local authority.
ITR-7: It is to be used by Trusts and Non-Profit Organizations.
If you are taking about a Co-operative Society it is ITR 5,
or a charitable society exempted u/s 11 it is ITR 7
Satheesh Kumar
(student)
(87 Points)
Replied 12 January 2011
Even Truts claiming exemption u.s 10 can use ITR 7, AOP's form 5
Yatin Dighaonkar
(5 Points)
Replied 21 September 2019
For Trust to claim loss, which ITR to be filed..? ITR -5 or ITR-7..??
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 21 September 2019
Is your Trust registered under section 12AA & 80G of the Income tax act 1961 ?.
Yatin Dighaonkar
(5 Points)
Replied 21 September 2019
Yes, Its registered u/s 12AA & 80G.
There is no provision of claiming loss under ITR-7.. so need clarity for claiming loss.
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