Form ITR-7 must be filed by Section 8 Companies, Trusts, and Political Parties.

 

Packages starting from

Rs. 3,000 /-

EASY ITR - 7

FORM FILING

ITR - 7 Form Filing

Easy ITR - 7 Form Filing with Expert Help from CBS Stracon

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)

Aspects of form ITR - 7

Who can use 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)

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).

Who should not use ITR-7 Form ?

Due date to file ITR - 7

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.

When to file ITR-7?

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).

Service Procedure

ITR 7 Form can be filed with the Income-tax Department in any of the following ways, - (i) by furnishing the return electronically under digital signature; (ii) by transmitting the data in the return electronically under electronic verification code; (iii) by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V; However, a political party shall compulsorily furnish the return in the manner mentioned at (i) above. From assessment year 2013-14 onwards in case an assessee who is required to furnish a report of audit under section 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115VW he shall file the report electronically on or before the date of filing the return of income.

 

PACKAGES & PRICING

SILVER
3,000 INR + 18% GST

Financial Statements preparation and ITR - 7 return filing for a taxpayer with turnover of less than Rs. 10 lakhs.

GOLD
4,000 INR + 18% GST

Financial Statements preparation and ITR - 7 return filing for a taxpayer with turnover of more than Rs. 10 lakhs.

PLATINUM
5,000 INR + 18% GST

Financial Statements preparation and ITR - 7 return filing for a taxpayer with turnover of more than Rs. 25 lakhs.

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