Income Tax || Change ITR form in Co-operative Society

Income Tax || Change ITR form in Co-operative Society

In the context of a CO-OPERATIVE SOCIETY, users have the flexibility to choose between two filing options using the software: ITR7 or ITR5.
ITR 5 is designed for entities such as firms, LLPs, AOP, BOI, artificial juridical persons specified in section 2(31)(vii), cooperative societies, and local authorities. Conversely, individuals obligated to file the return of income under section 139(4A), 139(4B), 139(4C), or 139(4D) should opt for ITR 7.

For those seeking to alter the ITR Form for a Co-operative Society, the following steps can be taken:

Go to Tools --> Repair Database --> Change ITR In Co-operative Society

            

Clicking on this option initiates the transition of your ITR form: from ITR-7 to ITR-5 or vice versa, depending on the initial form.
This process offers users a straightforward method to switch between the two relevant ITR forms, providing convenience and adaptability to meet specific filing requirements.

Hope this helps.

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