ITR-7 Filing | Right Tax Pro Advisors

1. What is ITR-7?

ITR-7 is the Income Tax Return form for entities such as Trusts, NGOs, Charitable/Religious Institutions, Political Parties, Research Associations, News Agencies, and Universities that claim exemption under the Income Tax Act.

ITR-7 is filed by entities required to submit returns under the following sections:

Section 139(4A): Charitable/Religious Trusts and Institutions
Section 139(4B): Political Parties
Section 139(4C): Research Associations, News Agencies, Scientific Research Institutions, Educational Institutions, Hospitals
Section 139(4D): Universities, Colleges, Institutions not filing returns under other provisions

Filing ITR-7 ensures legal compliance, transparency in operations, and continuation of tax exemptions.

2. Who Should File ITR-7? (Eligibility)

✅ Eligible Entities:

Charitable and religious trusts registered under Section 12A/12AB
NGOs seeking tax exemption under Section 10 or 11
Political parties (Section 139(4B))
Research associations and news agencies (Section 139(4C))
Universities, colleges, and educational institutions (Section 139(4D))
Hospitals and medical institutions

❌ Not Eligible:

Companies (ITR-6)
Firms, LLPs, AOPs, BOIs (ITR-5)
Individuals or HUFs (ITR-1 to ITR-4)

3. Types of Income Covered in ITR-7

Voluntary contributions (donations, grants, aid)
Income from property held under trust
Income from charitable/religious activities
Political party contributions & membership fees
Income from research, education, hospitals, or news agencies
Income eligible for tax exemption under Sections 10, 11, 12, or specific provisions

4. Documents Required for ITR-7 Filing

PAN of the entity
Registration certificates (12A/12AB, 80G, FCRA, etc.)
Audited financial statements – Balance Sheet, Income & Expenditure account
Bank statements & donation receipts
Form 26AS and TDS certificates
Details of exempt income & utilization of funds
Trust deed / NGO bylaws / political party constitution
Details of charitable/religious activities conducted
Proof of compliance with FCRA (if applicable for NGOs)

Proper documentation is critical to retain tax exemption benefits.

5. Step-by-Step ITR-7 Filing Process

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Document Collection
PAN, registration, audited statements, donation details

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Exemption Verification
Ensure compliance with Sections 10, 11, 12, or relevant provisions

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Income & Expense Calculation
Calculate net income after exemptions

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Form Filing
File ITR-7 online via the Income Tax portal with DSC

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Verification & Submission
Ensure acknowledgment (ITR-V) is generated

Filing ITR-7 with experts helps in error-free compliance and continuation of exemptions.

6. Key Tax Benefits & Deductions in ITR-7

Exemption under Section 11 & 12 for income applied towards charitable/religious purposes
Exemption for political parties (Section 13A) on voluntary contributions, provided books are maintained
Section 10(23C) exemptions for educational/medical institutions
80G certificates allow donors to claim tax deduction
Carry forward of deficit (income vs. application of income) for future years

Professional filing ensures maximum tax benefits and protection of exemption status.

7. Benefits of Filing ITR-7

✅ Legal compliance for trusts, NGOs, political parties & institutions
✅ Continuation of tax exemptions under Income Tax Act
💸 Proof of transparency & credibility for donors, grants, and funding agencies
🛡️ Mandatory for claiming 80G/12AB approval renewal
🔄 Prevents penalties, cancellation of registration, or loss of exemption status

8. Common Mistakes to Avoid

Missing filing deadlines → leads to penalties and loss of exemption
Incorrect reporting of donations or fund utilization
Not maintaining proper audited accounts
Using the wrong ITR form (e.g., ITR-5 instead of ITR-7)
Ignoring compliance with FCRA for foreign donations

9. FAQs – ITR-7 Filing

Q1. Who should file ITR-7?

Trusts, NGOs, political parties, universities, research institutions, and other entities exempt under specific provisions of the Income Tax Act.

Q2. Do charitable trusts need to file ITR-7 even if income is exempt?

Yes, filing ITR-7 is mandatory to claim exemptions.

Q3. What is the due date for filing ITR-7?

Generally 31st October (subject to government notifications).

Q4. Can a political party file ITR-7 without audited accounts?

No. Political parties must submit audited accounts to claim exemption.

Q5. Can donations received by an NGO be exempt from tax?

Yes, provided the NGO is registered under 12A/12AB and complies with Section 11/12 rules.

Q6. Do NGOs with zero income need to file ITR-7?

Yes. Even NIL returns must be filed for compliance.

Q7. Can I revise ITR-7 after submission?

Yes, revised returns can be filed before the due date.

Q8. Is ITR-7 applicable PAN India?

Yes. We provide expert ITR-7 filing services across India.

Q9. Can an educational institution claim exemption under ITR-7?

Yes, institutions under Section 10(23C) must file ITR-7 for exemptions.

Q10. What happens if ITR-7 is not filed?

It may lead to loss of tax exemption, penalties, and cancellation of registration.

10. Final Call-to-Action

“Ensure Compliance & Protect Your Exemption – File ITR-7 with Experts Today!”
RightTax Pro Advisors ensures error-free ITR-7 filing for NGOs, trusts, political parties, and institutions.

📞 Call: 9441344158 📞 8985321250 📞 9550482227 💬 WhatsApp Us Now

🌍 Offices in Vijayawada & Hyderabad | PAN India Services

🏛️ ITR-7 Filing – For Trusts, NGOs, Political Parties & Other Institutions