ITR-7 Return Filing
Overview
ITR-7 is filed by trusts, political parties, scientific research institutions, news agencies, educational and medical institutions, business trusts and investment funds whose income is governed by specific sections of the Income Tax Act.
Simple Pricing With Deliverables
ITR-7 Filing
₹9,999onwards
- Trust audit coordination
- Form 10BD assistance
- Full ITR-7 filing
Our Process
For ITR-7
Step 1
Trust / Entity Audit
Complete the audit (Form 10B / 10BB) before filing the return.
Step 2
Form 10BD (Donor Statement)
File Form 10BD with donor details and obtain donor certificates.
Step 3
ITR-7 Preparation
Prepare the return with all exempt-income schedules.
Step 4
DSC Verification
Verify with the authorised trustee / director DSC.
Documents & Information Required
For ITR-7
Basic Information
- PAN of NGO / Trust
- PAN & Aadhaar of all trustees
- Authorized trustee name
- Bank A/c number & IFSC
- Income Tax website credentials
Trust-Specific Documentation
- Bank statements
- GST credentials (if applicable)
- Form 10BD with donor details
- Accumulated fund statements per Section 11(2)
- Fund investment statements
- Equity / mutual fund data (purchase date, sale date, costs, proceeds)
Eligibility
Who can and cannot opt
Who Can
- Section 139(4A), Property income from charities/trusts used exclusively for charitable / religious purposes
- Section 139(4B), Political parties with income exceeding the maximum exemption limit
- Section 139(4C), Scientific research associations, hospitals, medical institutions, universities, news agencies, educational institutions
- Section 139(4D), Educational institutions not required to furnish income/loss statements
- Section 139(4E), Business trusts without income/loss filing requirements
- Section 139(4F), Investment funds under Section 115UB
Features
of ITR-7
Trust-Specific Disclosures
Captures accumulated funds (Sec 11(2)), Form 10BD donor details and corpus disclosures.
Audit Integration
Filed alongside Form 10B / 10BB audit reports for trusts.
Section 12AA / 80G Reporting
Supports exemption claims under 12AA / 80G with proper schedule reporting.
Multi-Entity Coverage
Works for trusts, political parties, research bodies and business trusts.
Frequently Asked Questions
ITR-7 is for persons, including companies, required to file under specific sections of the Income Tax Act:
- •Section 139(4A): trusts holding property for charitable or religious purposes.
- •Section 139(4B): political parties with income above the exemption limit.
- •Section 139(4C): scientific research associations, hospitals, universities, news agencies, and notified educational institutions.
- •Section 139(4D): educational institutions not required to file income or loss statements.
- •Section 139(4E): business trusts under Section 115UA.
- •Section 139(4F): investment funds under Section 115UB.
Section 8 companies claiming exemption under Section 11 also file ITR-7 instead of ITR-6.
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