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ITR-7 Return Filing

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ITR-7 Return Filing

Income Tax Return for Trusts, NGOs & Exempt Entities

As per Income Tax Act, 1961 | Income Tax Department (India)

Overview
Who Should File
Applicable Sections
Documents Required
Audit & Compliance
Filing Process
Due Date & Penalty
FAQs

ITR-7 is applicable to persons and entities claiming exemption under specific provisions of the Income Tax Act, 1961. This includes charitable trusts, religious trusts, NGOs, political parties, educational institutions, and research associations.

Proper filing of ITR-7 is mandatory to retain tax-exempt status and avoid cancellation of registration.

Who Should File ITR-7?

  • Charitable & Religious Trusts
  • Non-Governmental Organizations (NGOs)
  • Educational Institutions
  • Hospitals & Medical Institutions
  • Political Parties
  • Scientific Research Associations
  • Institutions claiming exemption under special sections

Applicable Sections under ITR-7

Section Applicable To
Section 11 & 12 Charitable & Religious Trusts
Section 10(23C) Educational & Medical Institutions
Section 13A Political Parties
Section 35 Scientific Research Associations
Registration under Section 12AB / 10(23C) is mandatory for exemption.

Mandatory Documents for ITR-7 Filing

  • PAN of Trust / Institution
  • Trust Deed / Memorandum of Association
  • 12AB / 10(23C) Registration Certificate
  • Audited Balance Sheet
  • Income & Expenditure Account
  • Receipts & Payments Account
  • Audit Report in Form 10B / 10BB
  • Bank statements
  • Form 26AS

Additional Documents (If Applicable)

  • Details of donations received
  • Utilization details of income
  • Foreign contribution details (FCRA)
  • Accumulation details (Form 10)

Audit & Compliance Requirements

  • Audit is mandatory for most exempt entities
  • Audit report must be filed before ITR-7
  • Income application rules must be followed
Non-compliance may result in cancellation of exemption and taxation of income.

ITR-7 Filing Process

  • Verification of exemption eligibility
  • Finalization of accounts
  • Completion of audit & Form 10B / 10BB
  • Preparation of ITR-7
  • Online filing with Digital Signature (DSC)
  • Acknowledgement & compliance record

Due Date & Late Filing Penalty

  • Normal due date: 31st October
  • Late filing fee as applicable
  • Loss of exemption benefits
Delay or incorrect filing may lead to heavy tax demand and penalties.

Frequently Asked Questions (FAQs)

  • Is ITR-7 mandatory for trusts? – Yes.
  • Is audit compulsory? – Yes, in most cases.
  • Is DSC required? – Yes.
  • Can exemption be cancelled? – Yes, for non-compliance.
  • Can ITR-7 be revised? – Yes.

Income Tax Return (ITR) Forms – Complete Comparison

ITR-1 to ITR-7 | Applicability, Documents & Due Dates (India)

ITR Comparison
Documents Required
Due Date & Audit

📊 ITR-1 to ITR-7 Comparison Table

ITR Form Who Should File Income Covered Business Income
ITR-1 (Sahaj) Resident Individuals Salary, 1 House Property, Other Sources No
ITR-2 Individuals / HUFs Capital Gains, Multiple Properties, Foreign Income No
ITR-3 Individuals / HUFs Business / Professional Income Yes
ITR-4 (Sugam) Individuals / HUFs / Firms Presumptive Income Yes (Presumptive)
ITR-5 Firms, LLPs, AOPs Business & Other Income Yes
ITR-6 Companies All Income (Except Exempt) Yes
ITR-7 Trusts / NGOs / Institutions Exempt Income Specific
Filing the wrong ITR form may result in a Defective Return Notice (Section 139(9)).

📂 Documents Required – ITR-Wise

ITR-1

  • PAN & Aadhaar
  • Form-16
  • Bank statement
  • Form 26AS / AIS

ITR-2

  • PAN & Aadhaar
  • Capital gains statement
  • Property sale/purchase documents
  • Foreign income/assets details

ITR-3

  • Books of accounts
  • Profit & Loss Account
  • Balance Sheet
  • GST returns (if applicable)
  • Audit report (if applicable)

ITR-4

  • Turnover / receipt summary
  • Bank statement
  • GST details (if registered)

ITR-5

  • PAN of Firm / LLP
  • Partnership Deed / LLP Agreement
  • Balance Sheet & P&L
  • Audit report (if applicable)

ITR-6

  • Company PAN
  • MOA & AOA
  • Audited financial statements
  • Tax audit report

ITR-7

  • Trust Deed / MOA
  • 12AB / 10(23C) Registration
  • Audit Report (Form 10B / 10BB)
  • Donation & utilization details

📅 Due Date & Audit Applicability

ITR Form Audit Applicable Due Date
ITR-1 / ITR-2 / ITR-4 No 31st July
ITR-3 / ITR-5 Yes (If applicable) 31st July / 31st October
ITR-6 Yes (Mandatory) 31st October / 30th November
ITR-7 Yes 31st October
Audit report must be filed before filing the Income Tax Return.