ITR- 7 Return Filing
ITR-7 is a specialized income tax return form designed for specific entities like firms, companies, local authorities, associations of persons (AOPs), and artificial judicial persons claiming exemptions under various sections of the Income Tax Act. Filing ITR-7 can be a complex process, but with IndiaFilings, you can navigate it effortlessly. Our expert team streamlines the ITR-7 filing process, ensuring compliance and accuracy.
What is the ITR 7 Form?
ITR-7 Form is specifically designed for firms, companies, local authorities, associations of persons (AOPs), and artificial judicial persons who wish to file their Income Tax Returns. It applies to those claiming exemptions in the following categories:
- Under Section 139(4A): Charitable or Religious Trusts
- Under Section 139(4B): Political Parties
- FirUnder Section 139(4C): Scientific Research Institutionsms
- Under Section 139(4D): Universities, Colleges, Institutions, or Khadi and Village Industries
Who Cannot File the ITR 7 Form Online?
Individuals not seeking exemptions under Section 139(4A), Section 139(4B), Section 139(4C), or Section 139(4D) are not required to file the ITR-7 Form for Income Tax Returns.