ITR-7 Return Filing

ITR-7 is a tax return form used by individuals, Hindu Undivided Families (HUFs), and companies that are required to file returns under section 139(4A), 139(4B), 139(4C), or 139(4D). It is specifically designed for taxpayers who are claiming exemptions under sections related to charitable and religious trusts, political parties, or other similar entities. This form is applicable to entities that are either registered under Section 12A or 12AA or under the relevant sections for charitable or religious trusts. The form requires details of the income, expenses, and donations received for the year and must be filed electronically with the Income Tax Department.

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Documents Required

Personal Information

PAN Card
Aadhaar Card
Bank Account Details (with IFSC)

Income Documents

Income from Trusts, Charitable Institutions, or Political Parties
Income from Business or Profession (if applicable)
Income from House Property (if applicable)
Capital Gains Documents (if applicable)
Income from Other Sources (e.g., Donations, Grants)

Tax Deducted at Source (TDS) Documents

TDS Certificates (Form 16, Form 16A, Form 16B)
Form 26AS (Tax Credit Statement)

Process Timeline

Gather Required Documents

Collect the financial records of the trust, association, or organization, including the profit and loss statement, balance sheet, details of donations received, and other relevant financial statements.

Login to Income Tax Portal

Access the Income Tax Department’s website and log in using your credentials. If you don’t have an account, create one.

Select ITR-7 Form

After logging in, navigate to the Income Tax Return section and select ITR-7 for filing.

Enter Basic Details

Fill in the basic information, such as the name of the entity, PAN, status (trust, political party, etc.), and other mandatory fields.

Fill in Income Details

Enter the income details, including the income received from various sources like donations, business operations, investments, etc.

Claim Deductions/Exemptions

Fill in the details of any deductions or exemptions the entity is entitled to claim, such as those under Section 11 (for charitable or religious trusts).

Include Financial Statements

Upload the necessary documents like the balance sheet and profit and loss statement along with the tax audit report, if applicable.

Verify Taxable Income

Check the tax calculation based on the income and deductions entered. The system will calculate the tax liability.

Pay Any Taxes Due

If there is any outstanding tax liability, make the payment online and ensure the payment is done before the due date to avoid penalties.

E-Verify the Return

Once the form is filled, and the taxes are paid, e-verify the return using one of the methods like Aadhaar OTP, net banking, or by sending the ITR-V to the Income Tax Department.

Download Acknowledgment

After successful e-filing and verification, download the acknowledgment receipt for your records.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹8,999

Basic Plan

A brief description goes here

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Filing of ITR-7 for charitable and religious trusts, political parties, and other similar organizations claiming exemptions under section 11 of the Income Tax Act.
Review of income sources, including income from donations, business activities, or any other income sources applicable to trusts or political organizations.
Tax computation based on applicable exemptions, deductions, and applicable tax rates for trusts.
TDS reconciliation for any tax deducted at source, ensuring correct credit claims.
Filing of return with the Income Tax Department.
Email support for post-filing queries and clarifications.
Turnaround Time: 5-6 working days.

₹12,999

Standard Plan

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Filing of ITR-7 for charitable and religious trusts, political parties, universities, societies, and other organizations seeking tax exemptions under section 11.
Comprehensive review of income from donations, business, capital gains, and other sources.
Detailed tax computation to ensure compliance with the provisions of section 11 and the proper application of exemptions and deductions.
TDS reconciliation and ensuring tax credits are correctly claimed.
Filing of return with the Income Tax Department and e-verification via DSC or Aadhaar.
Phone and email support for follow-up questions and concerns.
Turnaround Time: 6-7 working days.

₹17,999

Pro Plan

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Filing of ITR-7 for charitable and religious trusts, political parties, universities, NGOs, and other entities seeking exemption under section 11, including complex financial structures.
In-depth review of all income sources, including donations, business income, capital gains, and income from investments, with a focus on maintaining tax-exempt status.
Advanced tax planning strategies to optimize the use of exemptions, deductions, and to minimize tax liabilities.
Tax computation for all income sources, including depreciation, capital gains, and any deductions that apply to trusts or charitable organizations.
TDS reconciliation to ensure accurate claims for tax deducted at source.
Filing of return with the Income Tax Department and e-verification via DSC or Aadhaar.
Dedicated phone support for complex queries or issues.
Priority email support for handling post-filing inquiries and notices from tax authorities.
Turnaround Time: 7-8 working days.

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