Easily file Form ITR-7 and report your income from property held for specific purposes without complications. Learn more about Form ITR-7 and the simple online filing process with Sperso Filings.
Form ITR-7 is used to report income to the Income Tax Department. It contains details of taxable income, deductions, expenses, and the tax amount payable or refundable.
As per Section 139(4A), this form is mandatory for entities such as charitable or religious trusts, political parties, scientific research bodies, universities, colleges, and Khadi & Village Industries. These organisations file ITR-7 to claim tax exemptions available under relevant sections.
Form ITR-7 must be filed by:
Local authorities, associations, trusts, and firms falling under these categories should use Form ITR-7 for their income tax returns.
Form ITR-7 can be submitted to the Income Tax Department in the following ways:
After submission:
Alternatively, you can easily file Form ITR-7 through Sperso Filings. Our expert team will handle the entire process smoothly, ensuring that no important details are missed.
Under the Income Tax Act of 1961, trusts, news agencies, charitable or religious organisations, educational and medical institutions, and research bodies must file income tax returns using Form ITR-7.
With Sperso Filings, you gain access to top tax experts and experienced in-house chartered accountants who ensure your ITR-7 filing is completed smoothly and on time. Our team offers complete support to make the process hassle-free.
The due date for filing ITR 7 depends on whether an audit is required. If no audit is needed, the deadline is usually 31st July. If an audit is applicable, the due date extends to 31st October of the assessment year.
You can access and file ITR 7 by logging into the official Income Tax e-filing portal (https://incometaxindiaefiling.gov.in). After logging in, select ITR 7 from the list of available forms under the 'e-File' menu.
No, you cannot file ITR for two previous years together. The income tax portal allows filing only for the current and one immediate previous assessment year in case of a belated return, subject to conditions.
Yes, trusts must file ITR if they have income from property held under trust for charitable or religious purposes, voluntary contributions, or other applicable sources exceeding the basic exemption limit.
Trusts are required to file Form ITR 7 if they fall under Sections 139(4A), 139(4B), 139(4C), or 139(4D) of the Income Tax Act.