banner_ad

ITR-5 or ITR-7

ITR 7987 views 5 replies

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

Replies (5)

 

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

Even Truts claiming exemption u.s 10 can use ITR 7, AOP's form 5

For Trust to claim loss, which ITR to be filed..?  ITR -5 or ITR-7..??

Is  your  Trust  registered  under  section 12AA & 80G of  the Income tax act  1961 ?.

Yes, Its registered u/s 12AA & 80G. 

There is no provision of claiming loss under ITR-7.. so need clarity for claiming loss.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details