Income Tax Return 7 – (ITR-7)

ITR-7 Return Filing

For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only

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₹9,999Onwards
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    Who Can file this Form?

    Individuals and firms that have furnished returns related to Section 139(4A), Section 139(4B), Section 139(4C), Section 139(4D), Section 139(4E) and Section 139(4F) must choose this ITR form.

    Listed below are the details of the returns that should be filed section-wise:

      • Section 139(4A): The ITR forms must be submitted by individuals who gain an income from a property that belongs to a charity/trust or other legal obligations and the income that is produced is solely used for charitable or religious purposes
      • Section 139(4B): ITR forms must be filed under this section by a political party if the gross income that has been generated is more than the maximum sum
      • Section 139(4C): ITR forms must be submitted under this section if it is a Scientific Research association, hospitals, medical institutions, universities, funds, News agencies and other educational institutions
      • Section 139(4D): Any educational institution such as a college or university that are not required to furnish any income or loss must submit ITR forms under this section
      • Section 139(4E): Business trusts that do not need to furnish any kind of income or loss must file ITR forms under this section
      • Section 139(4F): Investment funds present under Section 115UB and do not need to furnish any income or losses must also submit ITR forms under this section

    Who Cannot Opt for this Form?

    Documents & Information Required

    • BASIC INFORMATION
      • PAN of NGO,
      • PAN & AADHAAR of all Trustee,
      • Authorized Trustee name, 
      • Account No & IFSC Code,
      • Income Tax Website Credential
    • Trust Specific Information
      • Bank Statement
      • GST ID Password if you have GST
      • Form 10BD listing donors name , amount, pan and address
      • Details of amounts accumulated/ set apart within the meaning of section 11(2) in last year’s viz., previous years relevant to the current assessment year.
      • Statement showing the investment of all funds of the Trust or Institution as on the last day of the previous year.
    • In case of Equity or Mutual Funds – Excel report with following information’s
      • Date of Purchase
      • Date of Sale
      • Purchase Cost
      • Sale Proceed