Target Audience & Scope
Intended For:
Co-operative Housing Societies, Resident Welfare Associations (RWAs), Credit Co-operative Societies, Welfare Societies
Common Tax Challenges We Resolve:
- •Determining the correct ITR form (ITR-5 vs ITR-7) based on the society's registration and activities
- •Applying the "concept of mutuality" correctly to exempt member contributions from tax
- •Navigating complex deductions under Section 80P for cooperative societies
- •Reconciling TDS on high-value fixed deposits with Form 26AS and the Annual Information Statement (AIS)
- •Confusion regarding the concessional tax rates (Section 115BAD/115BAE) for resident co-operative societies
Inclusions
- Accurate classification of taxable income versus tax-exempt mutual income
- Evaluation of Section 80P deductions and new concessional tax regimes
- Reconciliation of all TDS credits, bank interest, and AIS data to prevent notices
- Preparation and secure e-filing of ITR-5 or ITR-7 by a certified tax professional
- Guidance on advance tax liabilities to prevent penal interest under Sections 234B/234C
Exclusions
- Statutory audit or tax audit under the Income Tax Act (available as a custom engagement)
- Filing of special audit reports like Form 10B/10BB for charitable exemptions
- Monthly accounting, maintenance billing, or day-to-day society book-keeping
- GST registration, monthly GST return filing, or annual GST audits
Our Assisted Filing Process
Simple, secure, and expert-led from upload to final submission.
1
Document Upload
Securely share your society's audited financials, bank statements, and PAN details.
2
Expert Computation
A dedicated CA evaluates the mutuality concept, computes taxable income, and claims eligible deductions.
3
Verification & E-Filing
Following committee approval, we securely file the return using the authorized signatory's DSC.
Select Your Plan
Secure Assisted Filing: One-ITR is an independent portal. All documents and data uploads are protected under strict security guidelines.
FAQs for Tax Filing
Quick answers about e-filing timelines, document submissions, and tax refund protocols.