Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
Income-tax + Registrar filings
ITR-5 for income tax, plus the audit and returns required by the Registrar of Co-operative Societies.
TDS / GST if applicable
Deduct TDS on payments where required, and file GST returns if the society is registered.
The full annual compliance map for a society
A co-operative housing society wears two compliance hats, and both have calendars. Under the co-operative law (in Maharashtra, the Maharashtra Co-operative Societies Act 1960), the society holds its annual general meeting, gets its accounts audited by a panel auditor, and files the audited accounts and prescribed returns with the Registrar, along with a rectification report (Form O) for any audit objections. Under the income-tax law, it files its return — usually ITR-5 — declaring income that isn’t covered by mutuality, and pays any tax due. Beyond these, a society that makes payments attracting TDS (to contractors, for security or housekeeping, on certain professional fees) must deduct, deposit and file TDS returns and issue the certificates; and if it is registered for GST — required where its taxable supplies cross the threshold — it files the GST returns too. Maintaining clean member ledgers, the sinking and repair funds, and vendor records through the year is what makes all of these straightforward. Many societies engage professionals for the audit, tax and TDS work because the strands run on different dates. Confirm the specific forms and dates for your state’s co-operative law and the current tax rules.