What is Income Tax 7 Filing ?

ITR-7 Form can be used by Companies, Firms, Local authority, Association of Person (AOP) and Artificial Judiciary Person that are claiming exemption as one the following : Charitable /Religious trust under Section 139 (4A)
Political party under Section 139 (4B)
Scientific research institutions under Section 139 (4C)
University or Colleges or Institutions or Khadi and Village industries under Section 139 (4D)

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FAQ
  • Who can file ITR 7 form?
      ITR-7 must be filed by Companies, Firms, Local authority, Association of Person (AOP) and Artificial Judiciary Person that are claiming exemption in any of the following category :
    Having income from charitable /religious trust- Section 139 (4A)
    Having income from a political party – Section 139 (4B)
    Having income from scientific research institutions – Section 139 (4C)
    Having income from university or colleges or institutions or khadi and village industries – Section 139 (4D)

  • Who should not file ITR-7 Form ?
      ITR7 cannot be used by a tax assessee who is not claiming exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D).

  • When should ITR-7 be filed ?
      ITR-7 form is to be used when the tax assessee is a Trust, filing as a Company, Firm, Local authority, Association of Person (AOP) or Artificial Judiciary Person and is claiming exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D).

  • What is the due date for filing ITR-7 Form ?
      Due Date for all Tax Assessees, whose accounts are required to be audited, is 30th September. Due Date for Tax Assessees, whose accounts are not required to be audited, is 31st July.

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