What is ITR-7 Return?

The ITR-7 form is required for persons including companies who are required to furnish returns under specific sections: 139(4A) (Trusts), 139(4B) (Political Parties), 139(4C) (Scientific Research Associations), 139(4D) (Universities/Colleges), 139(4E) (Business Trusts), and 139(4F).

Taxcrafted Solutions offers expert ITR-7 return services in Delhi, ensuring your organization's tax filing is accurate, compliant with Indian tax laws, and submitted on time to avoid penalties and scrutiny.

Who Can File?

  • Trusts & Charitable Institutions
  • Political Parties
  • Scientific Research Associations
  • News Agencies
  • Universities, Colleges & Educational Institutions

Who Cannot File?

  • Individual Taxpayers (Salaried/Business)
  • Private Limited Companies (ITR-6)
  • Partnership Firms (ITR-5)

Documents Required

Ensure a smooth filing process with the right documents.

Basic Info

  • Trust Deed / Registration Certificate
  • PAN Card of Organization
  • Aadhaar of Authorised Signatory
  • Digital Signature (DSC)

Financials

  • Balance Sheet & Income/Expenditure A/c
  • Audit Report (Form 10B/10BB)
  • Details of Voluntary Contributions
  • Details of Anonymous Donations

Compliance

  • TDS Certificates
  • Form 26AS
  • Details of FCRA (if applicable)
  • Application of Income Details

Why Choose Taxcrafted Solutions?

Your trusted partner for non-profit tax compliance.

Expert Knowledge

We specialize in the complex tax regulations governing trusts and political parties, ensuring you claim all eligible exemptions like 11 & 12.

Timely Submission

We ensure your ITR-7 is filed on time, helping you avoid penalties and maintain your tax-exempt status.

Seamless ITR-7 Filing

Focus on your mission while we handle your tax compliance. Expert ITR-7 filing services.

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Frequently Asked Questions

Common queries about ITR-7 Filing.

Who is eligible to file ITR-7?
ITR-7 is applicable for persons including companies who are required to furnish returns under specific sections like 139(4A) (Charitable/Religious Trusts), 139(4B) (Political Parties), 139(4C) (Scientific Research Associations/Hospitals/Universities), and 139(4D).
Is Audit mandatory for ITR-7 filers?
Yes, most entities filing ITR-7 (like Trusts and NGOs) must get their accounts audited if their total income (before claiming exemptions) exceeds the basic exemption limit. Form 10B/10BB needs to be filed a month before the return filing due date.
What is the due date for filing ITR-7?
Since audit is usually applicable for ITR-7 filers, the due date is typically 31st October of the assessment year. The Audit Report (Form 10B/10BB) must be filed by 30th September.
Can Political Parties file ITR-7?
Yes, Political Parties are required to file ITR-7 under Section 139(4B) if their income exceeds the maximum amount not chargeable to tax. They must also submit a report to the Election Commission.
Do I need to file Form 10E?
Form 10E is generally for relief on salary arrears. For ITR-7 filers (Trusts/Institutions), different forms like Form 9A (for accumulation of income) or Form 10 (for setting apart income) may be required depending on the specific exemption clauses claimed.
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