ITR-7 Return

• There are various form of income tax return is issued by the income tax department for the purpose of compliance of income tax act.it is not easy to issue a form of filing income tax return for all type of entities in one form.so for every specific entities or similar type of entities a specific form of filing their itr .

Form-itr-7 is issued by the income tax department to all the companies ,firms,association of persons,artificial jurisdicary person,local authority who are claiming exemption as one or more of the following:-

• According to section 139(4a) of the income tax act any charitable trust/or religious trust.
• According to section 139(4b) of the income tax act any political party.
• According to section 139(4c) of the income tax act any scientific research institutions.
• According to section 139(4d) of the income tax act any

 University or colleges or institutions or khadi and village industries.

 Since the itr 7 form deals with the annexure-less return, individuals or trusts do have to submit documents while filing a return. Individuals or trusts are not expected to file even tds certificates while filing returns under itr 7 form of the indian tax system.

The only condition required for itr filing using itr 7 form is the tallying of tax deduction or collection by or on behalf of the organization with the form26as which is their tax credit statement.