ITR-7 is a specific income tax return form for certain entities, not for individual taxpayers. It’s used by charitable trusts, political parties, and educational institutions.
Who Needs to File ITR-7?
ITR-7 is for organizations required to file a return under specific sections of the Income Tax Act. This includes:
- Charitable or religious trusts that have income from property.
- Political parties.
- Scientific research associations, news agencies, universities, and colleges.
- Other specified institutions that are not required to file a return under other provisions.
Essentially, if you are a charitable trust, a political party, or an educational or research body, you’ll likely use this form to claim exemptions under the Income Tax Act.
Important Dates
For the Assessment Year 2025-26, the deadlines for filing ITR-7 are:
- September 15, 2025: For entities not subject to an audit.
- October 31, 2025: For entities whose accounts must be audited.
With the release of ITR-7, all income tax return forms for this assessment year are now available for filing.