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ITR-5 or ITR-7

ITR Filing 8017 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.


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