ITR-7 – Complete Guide to Your Income Tax Return

What is ITR-7?

ITR-7 is the Income Tax Return form for persons, including companies, who are required to file returns under specific sections of the Income Tax Act — mainly for entities claiming exemptions for charitable, religious, political, scientific research, or similar purposes.

The sections under which ITR-7 is applicable are:

  • Section 139(4A) – For charitable/religious trusts.
  • Section 139(4B) – For political parties.
  • Section 139(4C) – For institutions like research associations, news agencies, etc.
  • Section 139(4D) – For universities, colleges, and other institutions.

Who Can File ITR-7?

You must file ITR-7 if you are:

  • A charitable or religious trust.
  • A political party.
  • A scientific research institution.
  • A university, college, or educational institution.
  • A news agency.
  • An institution covered under any section listed above.

Who Cannot File ITR-7?

You cannot use ITR-7 if:

  • You are an individual, HUF, partnership firm, LLP, or company not covered under the above sections.
  • You are a company not claiming exemption under section 11 (those use ITR-6).

Due Date for Filing ITR-7

  • Non-audit cases: 15th September of the Assessment Year.
  • Audit cases: 31st October of the Assessment Year.
  • Example: For AY 2025-26, last date is 15 Sep 2025 (non-audit) or 31 October 2025 (audit).

Benefits of Filing ITR-7

  • Mandatory legal compliance for exempt institutions.
  • Maintains credibility and transparency with stakeholders.
  • Required for government recognition, grants, and funding.
  • Avoids penalties for late filing.

Documents Required for ITR-7 Filing

  1. PAN Card of the institution.
  2. Registration certificate under applicable laws.
  3. Financial statements (Income & Expenditure Account, Balance Sheet).
  4. Audit report (if applicable).
  5. Bank account details.
  6. Details of trustees, office bearers, or key persons.
  7. Proof of activities carried out during the year.
  8. Previous year’s ITR (if any).

ITR-7 Filing Process

  1. Prepare audited or certified financial statements.
  2. Calculate total income and apply relevant exemptions.
  3. Login to the Income Tax e-filing portal.
  4. Select ITR-7 and fill all applicable schedules.
  5. Submit using Digital Signature Certificate (DSC) or EVC (as applicable).
  6. Receive the acknowledgment for filing.

Why Choose Us for ITR-7 Filing?

  • ✔ 5+ years of experience in trust, NGO, and institution tax filing.
  • ✔ Specialisation in charitable, political, and educational entity compliance.
  • ✔ 100% secure online process.
  • ✔ Accurate exemption calculations.
  • ✔ Support for audit, FCRA, and other compliance needs.