Overview of ITR-7
Every person who receives income from property held under trust or other legal obligation for charity or religious purposes, in whole or in part, is required to file a return under section 139(4A).
Who can file ITR-7
1. ITR-7 u/s 139(4A)
Those whose income is derived from property that is kept under a legal obligation or trust and is utilised completely or partially for charity or religious purposes.
2. ITR-7 u/s 139(4B)
This section is only relevant to political parties. Political parties are exempt from submitting income tax returns under section 13A if they make an annual return using form ITR-7.
3. ITR-7 u/s 139(4C)
Under this, ITR-7 is filed by following entities:
Association conducting scientific research
Association u/s 10(23A)
Other institutes enlisted u/s 10(23B)
4. ITR-7 u/s 139(4D)
1. ITR-7 u/s 139(4A)
This rule requires schools, colleges, and institutions referred to in section 35(1)(ii) and (iii) of the Income Tax Act to file ITR-7.
5. ITR-7 u/s 139(4E)
Filing of Return of Income by a business trust
6. ITR-7 u/s 139(4F)
Filing of Return of Income by Investment Fund
Steps & Procedures
Complete Roadmap of Process of ITR filling service
Fill the Form and make the payment
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Upload info. and documents
Sent us the OTP that is sent to you
Filing of the ITR form, providing your details.
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Frequently Asked Question
I have filled my IT-return incorrect what should i do ?
Who can not fill ITR-1 ?
- If your total income exceeds Rs 50 lakhs.
- If you have foreign assets
- If you have agricultural income which is more than Rs. 5,000,
- If you have taxable capital gains
- If you have income from business or profession
- If you have income from more than one house property
Who can not fill ITR-2 ?
Who can not fill ITR-3 ?
Who can not fill ITR-4 ?
Do you provide services in Chhattisgarh ?
Yes, Fintore India is an online platform that serves all of India. No matter where you do business, all you need is an internet connection on your phone or computer, and we'll take care of the rest.
Do i need to physically present for the process ?
No, you do not need to be physically present for the process; Fintore India is an online catering platform; all you need is an internet connection on your phone/computer and the relevant paperwork, and we can do the task regardless of where you are in India.