Table of Contents
ITR 7 – Eligibility
Due Date, How to File and Documents
ITR-7 form is a specialized income tax return form designed for notified entities like Companies, Local authorities, Associations of persons (AOPs), and Artificial judicial persons claiming exemptions under various sections as mentioned below of the Income Tax Act. Filing ITR-7 can be a complex process, but with DisyTax, you can navigate it effortlessly. DisyTax will streamlines the ITR-7 filing process, ensuring compliance and accuracy.
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What is ITR 7 Form?
ITR-7 Form is specifically notified for Companies, Local authorities, Associations of persons (AOPs), and Artificial judicial persons. It applies to those claiming exemptions in the following categories:
Under Section 139(4A): Charitable or Religious Trusts (TRUST)
Under Section 139(4B):Political Parties
Under Section 139(4C):Scientific Research Institutions
Under Section 139(4D):Universities, Colleges, Institutions, or Other Institutions that comes under Section 139 (4D)
Who Cannot File ITR 7 Form?
Individuals not seeking exemptions under Section 139(4A), Section 139(4B), Section 139(4C), or Section 139(4D) are not required to file the ITR-7 Form for Income Tax Returns.
Who is eligible to File ITR-7 Form?
The ITR-7 Form applies to individuals receiving income from various sources:
Section 139(4A):
Those whose Income derived from Property held under Trust wholly / in part for charitable or religious purposes.
Section 139(4B):
Chief Executive Officer (CEO) of every Political Party with income exceeding the non-taxable limit.
Section 139(4C):
Organizations such as scientific research associations, hospitals, educational institutions, universities, and news agencies etc. mentioned in Section 10.
Section 139(4D):
University, College or other Institution referred in Section 35.
Section 139(4E) and Section 139(4F):
Business trusts and investment funds with no obligation to file under other provisions.
Any taxpayer who falls under the categories of Trust, Company, Local Authority, Association of Persons (AOP), or Artificial Judicial Person and claims exemptions as per Section 139(4A), Section 139(4B), Section 139(4C), or Section 139(4D) can utilize the ITR-7 Form for filing Income Tax Returns.
Note: The category of persons whose income is unconditionally exempt under various clauses of Section 10, and who are not mandatorily required to furnish their return of income under the provisions of Section 139, may use this form for filing return (for instance – Local Authority)
What is the Due Date for Filing ITR 7 Form?
The due date for filing the ITR-7 Form varies depending on whether the accounts require audit. Individuals not subject to audit can file by July 31, 2025, for AY 2025-26, while audit cases have a deadline of October 31, 2025.
Structure of ITR 7 Income Tax Form
The ITR 7 income tax form has been divided into two parts and 19 schedules.
- Part AGeneral information
- Part BOutline of the total income and tax computation concerning income chargeable to tax.
Schedule-I | 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. |
Schedule-J | Statement showing the investment of all funds of the Trust or Institution as on the last day of the previous year. |
Schedule-K | Statement of particulars regarding the Author(s)/ Founder(s)/ Trustee(s)/ Manager(s), etc., of the Trust or Institution. |
Schedule-LA | Details in case of a political party. |
Schedule-ET | Details in case of an Electoral Trust |
Schedule-HP | Computation of income under the head Income from House Property. |
Schedule-CG | Computation of income under the head ITR. |
Schedule-OS | Computation of income under the head Income from other sources. |
Schedule-VC | Details of Voluntary Contributions received |
Schedule-OA | General information about business and profession |
Schedule-BP | Computation of income under the head “profit and gains from business or profession |
Schedule-CYLA | Statement of income after set off of current year’s losses |
Schedule-MAT | Computation of Minimum Alternate Tax payable under section 115JB (n) |
Schedule-MATC | Computation of tax credit under section 115JAA |
Schedule AMT | Computation of Alternate Minimum Tax payable under section 115JC (p) |
Schedule AMTC | Computation of tax credit under section 115JD |
Schedule-SI | Statement of income which is chargeable to tax at special rates |
Schedule-IT | Statement of payment of advance-tax and tax on self-assessment. |
Schedule-TDS | Statement of tax deducted at source on income other than salary. |
Schedule-TCS | Statement of tax collected at source |
Schedule FSI | Details of income accruing or arising outside India |
Schedule TR | Details of Taxes paid outside India |
Schedule FA | Details of Foreign Assets |
Sequence for filing ITR 7 income tax form
The Income Tax Department has advised the assessees to follow the sequence that is mentioned below while filing the Income Tax return.
- Part A
- Part B
- Schedules
- Verification.
Enter the information required in the verification document and strike out which is not applicable and this verification must be digitally signed before submitting the final return.
It is necessary for the person signing to mention his designation in the entity on behalf of whom the return is being filed.
Process to file ITR 7 returns
ITR 7 filing can be done with the Income tax department in the following ways:
- By furnishing the returns in the electronic manner using the digital signature certificate
- By filing the data in the return and thereafter submitting the verification of the return in the ITR V Return Form
After filing the return (if not verified digitally) the assessee is required to print the copies of the ITR V acknowledgement. A copy of the ITR V which is duly signed by the assessee has to be sent by the ordinary post to-
Bag No.1, Electronic City Office, Bengaluru – 560100 ( Karnataka)
The other copy can be retained by the assessee for his record.
How to fill the verification document?
The required information is to be filled in the verification document. Strikeout whatever is not applicable. Please ensures that the verification has been signed before the return submitted. Choose the designation/ capacity of the person signing the return.
It is to be noted that any person who is making a false statement in return or accompanying the schedules should be liable to be prosecuted under the section which can lead to imprisonment and also a fine.
Audit Report Information
If the assessee is liable for audit u/s 44AB and the accounts have been duly audited by the chartered accountant then the details of such audit reports along with the furnishing date are to be sent to the income tax department as per applicable form (Form 3CA-3CD or Form 3CB-3CD). It is to be under the head “Audit Information”
No annexures required
No documents are to be attached with this return while filing ITR 7 Form.
The Taxpayers should match the tax deducted/ collected paid by or on behalf of them with their Tax Credit statement form 26AS and AIS (Annual Information System).
Precaution to be taken while filing ITR 7 Form
The Income-tax department has outlined several methods through which the taxpayers can file ITR-7:
- All the details must be filed properly as indicated or else the return will be defective or invalid.
- The figures relating to tax and incomes must be rounded off to the nearest multiples of ten rupees.
- Other figures must be rounded off to the nearest one rupee.
- Negative figures or the loss figures shall be written as “-” before such a number unless provided otherwise.
- “Nil” to be written for Figures with zero or nil value.
- If any item doesn’t apply to the assessee write “NA” against it.
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Documents Required For ITR-7 Return Filing
- Bank statement of the Business.
- Financial statements
- PAN card,
- Income details,
- TDS certificates (26AS, AIS, Form 16A)
- Audit Information
- Other relevant financial documents
ITR-7 Return Filing FAQ’s
What is ITR-7?
ITR-7 is an income tax return form designed for entities such as, companies, local authorities, associations of persons (AOPs), and artificial judicial persons. It is used when these entities claim exemptions under specific sections of the Income Tax Act.
Who should file ITR-7?
Entities eligible to file ITR-7 include those claiming exemptions under sections 139(4A), 139(4B), 139(4C), or 139(4D) of the Income Tax Act.
What is the due date for filing ITR-7 for the assessment year 2025-26?
The due date varies depending on whether the entity’s accounts require an audit. For non-audit cases, it’s July 31, 2025, and for audit cases, it’s October 31, 2025
Can I file ITR-7 online?
Yes, you can file ITR-7 online through the official Income Tax Department website.
What documents are required for filing ITR-7?
To file ITR-7, you’ll need documents such as your PAN card, bank statements, income details, TDS certificates, and other relevant financial documents.
How is the tax calculated for ITR-7?
Tax is calculated based on the entity’s total income, exemptions, deductions, and the applicable tax slabs as per the Income Tax Act.
What is the penalty for late filing of ITR-7?
If you file ITR-7 after the due date, you may face a late fees under section 234F, which can be up to Rs. 10,000, depending on the delay.
Can I revise my ITR-7 after filing?
Yes, you can revise your ITR-7 within a specified period if you discover errors or omissions in the original filing
How can DisyTax help in filing ITR-7?
DisyTax offers expert assistance in preparing and filing ITR-7, ensuring compliance with tax regulations and timely submission. Our team simplifies the entire process for you.
Are there any specific exemptions for political parties under ITR-7?
Political parties are eligible for exemptions under section 139(4B) if their income exceeds the non-taxable limit. They need to file ITR-7 in such cases.
Can charitable trusts file ITR-7 even if they don’t claim an exemption?
Yes, charitable trusts have the option to file ITR-7 even if they don’t claim an exemption under section 139(4A
What is Form 26AS, and how does it relate to ITR-7?
Form 26AS is a tax credit statement reflecting TDS, TCS, and advance tax payments made on your behalf. It should be reconciled with your ITR-7 before filing to ensure accuracy.
What is the penalty for incorrect information in ITR-7?
Providing incorrect information in ITR-7 can lead to penalties under various sections of the Income Tax Act, depending on the nature and intent of the error. Penalties can range from a fixed amount to a percentage of tax due.
Can universities file ITR-7 even if they don’t claim an exemption?
Yes, universities can choose to file ITR-7 even if they do not claim an exemption under section 139(4D).
Is there a difference between the due dates for individuals and entities filing ITR-7?
Yes, the due dates for individuals and entities vary based on whether their accounts require audit. It’s important to adhere to the correct due date.
Can I file ITR-7 for multiple assessment years at once?
No, ITR-7 should be filed separately for each assessment year. Each year’s income and tax details must be reported individually.
Are there any benefits to filing ITR-7 online compared to offline filing?
Filing ITR-7 online offers convenience, speed, and instant acknowledgment. It reduces paperwork and allows for quicker processing by the tax authorities.
Can I file ITR-7 on behalf of a company as its authorized representative?
Yes, if you are an authorized representative of a company, you can file ITR-7 on its behalf. However, it’s crucial to ensure all compliance requirements are met.
What if I miss the extended deadline for filing ITR-7?
Missing the extended deadline can result in penalties and other legal consequences. It is advisable to file within the prescribed timeframe to avoid such penalties.
Can ITR-7 be filed by a legal representative on behalf of a deceased entity?
Yes, ITR-7 can be filed by a legal representative on behalf of a deceased entity. However, this should follow the legal procedures and documentation required for such cases.
Do I need to mention the Residential Status in ITR-7?
Yes, you need to mention the residential status in ITR-7 to specify whether the taxpayer is resident or non-resident.
Under which section can ITR-7 return be filed?
The sections under which ITR-7 return can be filed are 92(CD) if it is modified return; 139(1) if filed voluntarily one or before due date; 139(4) if filed voluntarily after due date; 119(2)(b) if filed in pursuance to an order u/s 119(2)(b) condoning the delay; and 139(5) if it is a revised return.
What kind of activities in which institution can be involved?
The main categories of activities in which an institution can be involved are research, professional, charitable and religious, others.
Can ITR-7 be filed in response to notice or order?
Yes, ITR-7 can be filed in response to notice or order. The Document Identification Number (DIN) or Unique number and date of the relevant statutory notice, or the date of condonation order should be entered by the taxpayer. The date of advance pricing agreement should be entered in case filed u/d 92CD.
Which information is required to be filled in PART A General of ITR-7?
The information required to be filled in ‘Part A’ General of ITR-7 are details of any project or institution run by the assessee during the year; identity of assessee, section under which return is filled and exemption has been claimed, approval under the Income Tax Act, or details of registration or provisional registration, etc.�
Do I need to furnish the details of registration or provisional registration, or approval obtained?
Yes, you need to furnish every detail regarding registration or provisional registration, or approval by filling in the correct details under Income Tax Act. If under more than one section an assesse is registered/provisionally registered or approved, then the assesse needs to mention about the same in the registration section under which exemption is claimed in the return.
What are the dropdowns to be selected for the field “section under which registered or provisionally registered or approved/notified”?
The dropdowns to be selected for the field “section under which registered or provisionally registered or approved/notified” are 10(23AAA); 10(23C)(iv); 10(23C)(v); 10(23C)(vi); 10(23C)(via); 12A/12AA/12AB; 13B; 35; 80G(2)(b); 80G(2)(a)(iv), and Other than the above u/s 80G.
Do I need to mention income included in total income for which claim under section 90/90A/91 has been made?
Yes, you need to mention the income included in total income for which relief for taxes paid outside India has been claimed u/s 90 or 91 or 90A. Details of such income and tax relief claimed in Schedule FSI and Schedule TR, respectively, should also be mentioned.
Is there any requirement to furnish information regarding any project or institution run by the assessee?
Yes, it is necessary to furnish information regarding the project or institutions run by the assessee. The information that needs to be provided are name, nature of the activity, along with the approval of the school, college, university, hospital, or research institution, or details of registration/ provisional registration.
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