Income Tax Return (ITR) 7

Income Tax Return (ITR) 7, also known as ITR-7, is a tax form designed for people and organizations that are required to file a return under Section 139(4A), Section 139(4B), Section 139(4C), or Section 139(4D) of the Income Tax Act, 1961. These sections cover trusts, charitable and religious institutions, political parties, scientific research institutions, and universities, colleges, or other institutions.

Applications for Filing ITR 7

ITR 7 can be filed online using the Income Tax Department’s e-Filing Portal or through our commercial tax filing platform.

Eligibility Criteria for Filing ITR 7

ITR 7 is specifically designed for the following entities:

• Trusts
• Charitable and religious institutions
• Political parties
• Scientific research institutions
• Universities, colleges, or other institutions

Documents Needed to File ITR 7

The specific documents required for filing ITR 7 may vary depending on the type of entity and its activities. However, common documents typically include:

• PAN card
• Trust Deed (for trusts)
• NGO Registration Certificate (for NGOs)
• Certificate of Incorporation (for scientific research institutions and universities/colleges)
• Memorandum of Association (MoA) and Articles of Association (AoA) (for universities/colleges)
• Income and Expenditure Statement
• Balance Sheet
• Audit Report (if applicable)
• Bank account statements
• Proof of donations received (e.g., receipts, donor lists)
• Proof of charitable expenses (e.g., invoices, receipts)
• Proof of investments (if any)