ours is a housing co-operative society. we are not in any business activity. but we have interest income and income from house property (lease rent received for mobile tower on terrace). we fill itr applicable to us is ITR 5. but for filing ITR 5 code for business is compulsory field. please advise as to how to file this return.
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Co-op houing society income tax return
Replies (4)
Dear mam since ur society have no business activity hence u should opt for ITR 7.
Go to this page.
Code 1001 is to be used.(0101 to 0906 are for business). In my view ITR 5 should be used.
Mr Saroj Kumar I am unable to open the page you have posted. Please explain the provisions.
thanks.
https://incometaxindiaefiling.gov.in/
Please go to this link
i am
AOP/BOI/CoOpertaive Society/AJP/Government
then find details.
Dear Madhwi u r right bcs they had alreadu try ITR 5 hence once they can try ITR7 it is also for Co - opertaice society.
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