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Overview
ITR-7 form filing - Income Tax Return

ITR-7 Form can be used by Companies, Companies, Local Authority, Association of Person (AOP) and Artificial Judiciary as one of the following:

  • Charitable /Religious trust under Section 139 (4A)
  • Political party under Section 139 (4B)
  • Scientific research institutions under Section 139 (4C)
  • University or Colleges or Institutions or Khadi and Village industries under Section 139 (4D)
Filing Income Tax Return ITR 7 Form

ITR 7 Form can be filed with the Income-tax Department in any of the following ways, -

  • Step 1: by furnishing the return electronically under digital signature.
  • Step 3: by transmitting the data in the return electronically under electronic verification code.
  • Step 2: by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V.

In Step 2, however, a political party shall compulsorily furnish the return in the manner mentioned at (i) above.

From assessment year 2013-14 onwards in case an assessee who is required to furnish a report of audit under section 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115VW he shall file the report electronically on or before the date of filing the return of income.

Pricing
Pay as your grow

Basic

All-inclusive charges

₹8899/ Year

Income tax return filing for a taxpayer with less than Rs.10 lakhs taxable income.

Standard

All-inclusive charges

₹11599/ Year

Income tax return filing more than Rs.10 lakhs for a taxpayer with taxable income.

Premium

All-inclusive charges

₹14299/ year

Income tax return filing for a taxpayer with a taxable income of more than Rs.25 lakhs.

FAQs on ITR-7 Form Filing
Who can use the ITR-7 Form?
ITR-7 must be submitted by Companies, Companies, Local Authority, Association of Person (AOP) and Artificial Judiciary, which claim an exemption in any of the following categories:
  • Having income from charitable /religious trust- Section 139 (4A).
  • Having income from a political party – Section 139 (4B).
  • Having income from scientific research institutions – Section 139 (4C).
  • Having income from university or colleges or institutions or khadi and village industries – Section 139 (4D)
Who should not file ITR-7 Form?
ITR7 cannot be used by a tax assessee who is not claiming an exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D).
When should ITR-7 be filed?
ITR-7 form is to be used when the tax assessee is a Trust, filing as a Company, Firm, Local authority, Association of Person (AOP) or Artificial Judiciary Person and is claiming exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D).
What is the due date for filing ITR-7 Form?
The due date is 30 September for all Tax Assessees whose accounts must be audited. The due date for Tax Assessees who are not needed to audit their accounts is July 31st.
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