Under What Status Code, The Income Tax Return of an Education Society will be filed?
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Educational society
Replies (6)
Educational Societies are governed by a trust. Hence, the status if trust may be assumed.
Yeah...Mr. Parteek Aggarwal is Right.
Educational Societies are covered under Trust.
which form will be used for it?
By the way Trusts and the Socities are different and also they have different acts for them?
Hi Kunal,
Although trusts and societies are different, still there is no such educational institution which is run by a society. They are always run by a Trust. For trusts, use ITR-7
Itr 7 is used for filing return under section 139(4a), (4b), (4c) nd (4d). But the society is not registered for exemption under section 12A. It is only reg under socities reg act 1860.
What in this case?
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