ITR-7 Form

The ITR-7 Form is a dedicated income tax return form for organisations claiming tax exemptions under specific sections of the Income Tax Act, 1961. It applies to institutions such as:

• Charitable or religious trusts
• Political parties
• Scientific research institutions
• Educational institutions like colleges and universities
• Hospitals or medical institutions
• News agencies and other notified exempt entities

If your entity is not engaged in commercial activities but operates for a charitable, religious, or public purpose and earns income under exempt heads—this is your designated form.

Filing ITR-7 ensures that your organisation remains compliant while transparently disclosing its income, donations received, funds utilisation, and tax-deducted-at-source (TDS) details.

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You must file ITR-7 if your institution falls under any of the following provisions:

Even if your organisation earns no profit, you must file ITR-7 if it receives voluntary contributions, holds property for public purposes, or is exempt under any clause of Section 10.

Filing is fully digital via the Income Tax e-filing portal. You can:

• Submit using Digital Signature Certificate (DSC) – mandatory for political parties
• Or validate using Electronic Verification Code (EVC) or Aadhaar OTP for other entities

Depending on your entity type, keep audited financials, donation records, exemption certificates, and PAN data ready before filing.

Also Read: What is TDS?

1. Correct Section Selection
   Ensure your return is filed under the correct section (139(4A), 4B, 4C, or 4D). Errors here can lead to scrutiny or rejection.
2. Income and Exemption Reporting
   Must include:
   • Gross income
   • Voluntary contributions (donations)
   • Property income
   • Application of income
   • Accumulated income under Section 11(2)
   • Foreign contributions (if applicable)
3. Digital Filing is Mandatory
   Filing must be done electronically. No paper filings are accepted. 

The ITR-7 Form is divided as follows:

Other Required Disclosures:

• Balance Sheet
• Income & Expenditure Statement
• Receipts and Payments Account
• Auditor details (if applicable)
• Advance Tax, TDS, and Self-assessment Tax paid

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Follow this recommended order:

1. Part A – Basic Details
2. Relevant Schedules (Exemptions, Donations, etc.)
3. Part B – Income and Tax Computation
4. Verification – DSC or EVC
5. Submit

Instructions While Filing:

• Use a hyphen (“-”) for nil values
• Write “NA” for fields that don’t apply
• Round off all values to the nearest rupee
• Upload only what the portal requires—no attachments

The authorised signatory (trustee, principal, or officer-in-charge) must verify the return using one of the following:

• DSC (Mandatory for political parties)
• EVC or Aadhaar OTP (For other entities)

Verification details required:

• Name
• PAN
• Designation
• Organisation Name and Location

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Who cannot use the ITR-7 form

Do not file ITR-7 if:

• Your organisation does not fall under Sections 139(4A) to 139(4D)
• You are a commercial business
• You do not have a valid Section 10 exemption
• You don’t possess a DSC or can’t verify via EVC

In such cases, consider consulting a tax professional or e-filing intermediary.

Benefits of timely ITR-7 filing

• Maintains tax-exempt status
• Demonstrates transparency
• Simplifies future audits and scrutiny
• Enhances donor and regulatory trust

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Also Read: Types of TDS?

For trusts, political parties, and other qualifying institutions, filing ITR-7 is not just compliance—it’s a commitment to transparency and good governance. With updated rules, deadlines, and disclosures, accuracy matters more than ever.

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