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🧾 ITR-7 Return Filing in India – For Trusts, Societies & Institutions
File ITR-7 Seamlessly with India Fills
ITR-7 is a specialized Income Tax Return form applicable to entities like charitable trusts, political parties, educational institutions, research organizations, and other entities claiming income tax exemptions under specific sections of the Income Tax Act. With India Fills, you can file your ITR-7 accurately and effortlessly, ensuring full compliance with tax regulations.
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📌 What is the ITR-7 Form?
ITR-7 is used by persons (including companies) required to file returns under:
- Section 139(4A) – Charitable/Religious Trusts
- Section 139(4B) – Political Parties
- Section 139(4C) – Scientific Research Institutions, Hospitals, News Agencies, etc.
- Section 139(4D) – Colleges, Universities & Educational Institutions
- Section 139(4E) – Business Trusts
- Section 139(4F) – Investment Funds
🚫 Who Cannot File ITR-7?
Individuals or entities not claiming exemptions under the above-mentioned sections are not eligible to file the ITR-7 form.
✅ Who Can File ITR-7?
Entities eligible to file ITR-7 include:
- Charitable or Religious Trusts (Sec 139(4A))
- Political Parties with income exceeding the exempt limit (Sec 139(4B))
- Scientific Research Institutions, News Agencies, Hospitals, etc. (Sec 139(4C))
- Universities and Colleges (Sec 139(4D))
- Business Trusts & Investment Funds (Sec 139(4E) & (4F))
Entities must be structured as Trusts, Societies, Companies, AOPs, Local Authorities, or Artificial Juridical Persons to be eligible.
📅 Due Date for Filing ITR-7
- Non-Audit Cases: July 31, 2023
- Audit Cases: October 31, 2023
(Extended to November 30, 2023, for AY 2023–24)
📂 Structure of ITR-7 Form
The form is divided into 2 parts and 19 schedules:
🔹 Part A – General Information
🔹 Part B – Total Income & Tax Computation
🔹 Key Schedules:
- Schedule I – Accumulated Funds under Section 11(2)
- Schedule J – Investments of Trust Funds
- Schedule K – Details of Trustees/Managers
- Schedule LA / ET – For Political or Electoral Trusts
- Schedule HP / CG / OS / VC / BP – Income from House Property, Capital Gains, Other Sources, etc.
- Schedule MAT / AMT – Alternate Minimum Tax Calculations
- Schedule FSI / TR / FA – Foreign Income, Taxes Paid Outside India, Foreign Assets
- Schedule TDS / TCS / IT – Tax Deducted, Collected & Paid
🔁 Filing Sequence for ITR-7
- Part A
- Part B
- All Applicable Schedules
- Verification Section
The form must be digitally signed, and the signatory must mention their designation within the entity.
💻 How to File ITR-7 Online?
Filing can be done in the following ways:
- Electronically using Digital Signature Certificate (DSC)
- Electronically transmitting data and sending signed ITR-V
ITR-V Submission Address:
📮 CPC, Post Bag No. 1, Electronic City Office, Bengaluru – 560100, Karnataka
🖊️ How to Fill the Verification Document?
- Fill in the required details
- Strike out non-applicable fields
- Must be signed before submission
- Select proper designation/capacity
⚠️ False statements may lead to penalty, fine, or imprisonment under the Income Tax Act.
📢 Audit Report Filing
If your accounts are audited under Section 44AB, details of the audit report and date of furnishing must be submitted under the “Audit Information” section of the return.
📎 No Attachments Required
No documents or annexures should be attached while filing the ITR-7 form. However, all taxes paid or deducted should match Form 26AS records.
🧠 Important Instructions While Filing ITR-7
- Ensure accurate and complete details to avoid a defective return.
- Round off tax and income figures to nearest ₹10, and other figures to nearest ₹1.
- Use “-” for negative or loss figures.
- Write “Nil” where applicable.
- Mention “NA” for non-applicable items.
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At India Fills, we specialize in managing complex ITR-7 filings for Trusts, Societies, Political Parties, and Educational Institutions. Our expert team ensures:
✅ Accurate preparation of documents
✅ Filing with the Income Tax Department
✅ On-time compliance and expert guidance
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