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Itr for operative housing society

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2018 Can anyone Guide me for Income Return for Co Operative Housing Society
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Radhakrishnan K.V.

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Radhakrishnan K.V. (Expert)
30 July 2018 No form to file itr for cooperatives.itr-5 prescribed for AOP is used for reason not known. AOP enjoys exemption limit of Rs.2.5 lakhs but cooperatives do not. This aspect leads to only one conclusion. Cooperatives need not file ITR as no form is prescribed and for the reason these are not AOP or person under ITAct.
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