ITR-7 Filing Services
Expert Tax Compliance for Trusts, Charitable Institutions & Non-Profit Entities
At VETRI AUDIT SERVICES PRIVATE LIMITED, we specialize in comprehensive ITR-7 filing for entities like trusts, NGOs, educational institutions, and political parties. Our expertise ensures smooth, compliant, and timely filing under the relevant provisions of the Income Tax Act, 1961.
What is ITR-7?
ITR-7 is the income tax return form to be filed by certain entities under Sections 139(4A) to 139(4D) of the Income Tax Act. It is designed for organizations that claim exemptions and work for religious, charitable, political, or educational purposes.
Who Should File ITR-7?
| Section | Applicable To |
|---|---|
| 139(4A) | Trusts and charitable/religious institutions claiming exemption under Sections 11 & 12 |
| 139(4B) | Political parties (if income exceeds the basic exemption limit before claiming Section 13A) |
| 139(4C) | Specific institutions like research associations, news agencies, trade unions, hospitals, etc. |
| 139(4D) | Universities, colleges, and other educational institutions not filing returns under other sections |
Who Cannot File ITR-7?
The following entities are not eligible to use ITR-7:
- Individuals
- Hindu Undivided Families (HUFs)
- Firms
- Companies not falling under Sections 139(4A)-(4D)
Such entities should file using ITR-1 to ITR-6 as per their income structure.
Key Components of ITR-7 Form
- General details (PAN, Name, Address, Registration Numbers)
- Income & Expenditure Statement
- Balance Sheet
- Activity-specific disclosures:
- Schedule VC - Voluntary Contributions
- Schedule AI - Aggregate Income
- Schedule ER - Revenue Expenditure
- Schedule EC - Capital Expenditure
- Schedule 80G - Donations eligible for deductions
- Audit details under Section 44AB, if applicable
Due Dates for Filing ITR-7 (FY 2024-25)
| Type of Filing | Due Date |
|---|---|
| No Audit Required | 31st July 2025 |
| Audit under Section 44AB | 30th September 2025 |
| Audit with Transfer Pricing (92E) | 30th November 2025 |
We ensure timely filing to avoid penalties and maintain compliance.
Filing Mode
- Electronic filing (e-filing) on the Income Tax Portal
- Return must be verified using either:
- Digital Signature Certificate (DSC)
- Electronic Verification Code (EVC)
Audit Requirements
Audit under Section 44AB is mandatory if:
- The entity's gross income (before claiming exemption) exceeds the basic limit
- There is incidental business income, even if the main objective is charitable/educational
Penalties for Late Filing
Failure to file ITR-7 on time can lead to:
- ₹5,000 to ₹10,000 under Section 234F
- Interest and penalties for any unpaid taxes
Documents Required for ITR-7 Filing
To initiate the filing process, we collect and verify the following documents:
- Registration certificates (12A, 80G, etc.)
- Audited financials (if applicable)
- Donation details and donor information
- Foreign contribution details (if received)
- Bank account details for refund
- Income and expenditure statements
Why Choose VETRI AUDIT SERVICES?
- Decade of experience in trust and NGO compliance
- Dedicated support for charitable and educational institutions
- Expert CA review and documentation
- Timely filing with accuracy and transparency
- End-to-end assistance, from registration to final filing
Get Started Today
Ensure peace of mind with accurate ITR-7 filing for your organization.
Let us take care of your compliance so you can focus on your mission.
Contact us today for a consultation!
