Status of co op -society
This query is : Open
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,
CA Neha Chauhan
(Expert)
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
Regards,
Neha Chauhan
Radhakrishnan K.V.
(Expert)
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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