Income Tax Return - 7

ITR-7 is a form filed by those individuals and companies that fall under the following sections: Section 139 (4A) , Section 139 (4B), Section 139 (4C), Section 139 (4D).

Eligibility To File ITR-7

ITR-7 is filed by the taxpayers whose income is from below - mentioned sources:

All individuals who obtain income from property if said property is in the name of a Trust.

All individuals who receive income for the sole purpose of charity or a Religious offering.

Any political party that earns a net income that is more than the ceiling limit that is exempt from Income tax.

Associations that carry out scientific research.

News organizations and companies.

Organizations as mentioned in Section 10(23A) and Section 10(23B).

Educational institutions such as school, colleges or universities.

Medical institutions such as hospitals, clinics etc.