ITR-7
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ITR-7 Filing – For Trusts, NGOs & Institutions
What is ITR-7?
ITR-7 is the Income Tax Return form for persons including companies who are required to file returns under the following sections of the Income Tax Act, 1961:
Section 139(4A): Income from property held under trust or other legal obligations wholly/partly for charitable or religious purposes.
Section 139(4B): Political parties (if total income exceeds maximum exemption limit).
Section 139(4C): Institutions like scientific research associations, news agencies, hospitals, universities, and educational institutions.
Section 139(4D): Colleges, universities, or institutions not required to file income/loss return under other provisions.
Section 139(4E): Business trusts.
Section 139(4F): Investment funds (AIFs).
Who Can File ITR-7?
Individuals, HUFs, Firms, and Companies not claiming exemption under the above sections (they must use ITR-1 to ITR-6 as applicable).
Applicable to entities claiming income exemptions under Section 11 & 12.
Mandatory e-filing with Digital Signature Certificate (DSC).
Disclosure of donations, grants, and exempt income.
Reporting of audit details if applicable under Section 12A(1)(b).
Detailed financial statements submission (Income & Expenditure, Balance Sheet).
Key Features of ITR-7 Filing
Applicable to entities claiming income exemptions under Section 11 & 12.
Mandatory e-filing with Digital Signature Certificate (DSC).
Disclosure of donations, grants, and exempt income.
Reporting of audit details if applicable under Section 12A(1)(b).
Detailed financial statements submission (Income & Expenditure, Balance Sheet).
Why Should You File ITR-7?
To legally claim exemptions on income for charitable/religious purposes.
Maintain compliance for 12A/80G registration and government recognition.
Avoid penalties & scrutiny by the Income Tax Department.
Build transparency for donors, CSR contributors, and funding agencies.
Ensure credibility for loans, grants, and international funding.
Documents Required for ITR-7 Filing
PAN of the Trust/Institution
Trust Deed / Registration Certificate (Society/Trust/Section 8 Company)
Form 26AS / AIS / TIS (Tax Credit Statement)
Audited Financial Statements (Income & Expenditure, Balance Sheet)
Details of Donations received (Form 10B/10BB if applicable)
12A/80G registration details (if exemption is claimed)
Details of trustees/members
Bank account details of the institution
