Provisions and Procedures under Indian Income Tax in relation to Societies
Provisions	Income Computation	Tax Payable	Return and Applications	Others

Income Tax Return Form        Application for opting      for Special Tax Rate

Important ‐      A] Income Tax Return to be filed in Return Form ITR-7      B] If the Cooperative Society wish to opt for special tax provisions as per Section 115BAD, it need to file Form No.10-IF.      C] If the Cooperative Society wish to opt for special tax provisions as per Section 115BAE, it need to file Form No.10-IFA.      D] When such option once exercised shall apply to subsequent assessment years and once the option has been exercised for any previous year shall not be allowed to be withdrawn for the same or any other previous year.

BACK