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Income Tax Return Form ITR-7

Income Tax Return ITR 7 form is applicable to charitable or religious trust or Every university, college or other institution claiming deduction scientific research under section 35 of the Income tax act.

  1. Who can use this ITR 7 Form: This ITR 7 form is to be used by persons or companies who are required to furnish return under section 139(4A) or 139(4D).
  2. Applicable Assessment Year: This Return Form is relates to Income earned in Financial Year 2011-12 and its applicable for assessment year 2012-13.
  3. Filling out the Acknowledgement: Acknowledgement slip attached with this Form should be duly filled out. This form is not required to be filed in duplicate.
  4. Tax Credit Statement: Tax-payers are advised to match the taxes collected/paid/deducted by or on behalf of them with their Tax Credit Statement  (form 26AS
  5. Obligation to file return:
  • Return under section 139(4B) is required to be filed by a political party if the total income without giving effect to the provisions of section 139A exceeds the maximum amount which is not chargeable to income-tax.
  • Return under section 139(4C) is required to be filed by every
  1. association or institution referred to in section 10(23A);
  2. news agency referred to in section 10(22B);
  3. Educational institution or fund or institution or university or any hospital or other medical institution referred to in section 10(23C) (IV)/ (v)/ (VI) if the conditions mentioned in section 139(4C) are satisfied.    
  4. scientific research association referred to in section 10(21);
  5. news agency referred to in section 10(22B);
  • The losses shall not be allowed to be carried forward or deductions under section 10A, 10B, 10-IA, 10-IAB, 10IB shall not be allowed unless the return has been filed on or before the due date.        
  • Return under section 139(4D) is required to be filed by every university, college or other institution referred to in clause (ii) and clause (iii) of sub-section (1) of section 35, which is not required to furnish return of income or loss under any other provision of this section
  • Return of income is also required to be filed by a person if his total income before allowing deductions under section 10A or section 10B or section 10BA or Chapter VI-A exceeds the maximum amount which is not chargeable to income tax.
  • Return under section 139(4A) is required to be filled every person in receipt of income from property held under trust or other legal obligation for religious and charitable purpose or of income being voluntary contribution referred to in sub section (iia) of clause (24) of section 2, shall, if the total income in respect of which he is assessable as a representative assessee
    exceeds the maximum amount which is not chargeable to income-tax.        

6. VERIFICATION:    

  • Please fill up the required information in the Verification. Strike out whatever is not applicable. Please ensure that the verification has been signed before furnishing the return. Write the designation of the person signing the return.
  • Please note that any person making a false statement in the return or the accompanying schedules shall be liable to be prosecuted under section 277 of the Income-tax Act, 1961 and on conviction be punishable under that section with rigorous imprisonment and with fine.
  • Section 134(4A)Every person in receipt of income derived from property held under trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes, or of income being voluntary contributions referred to in sub-clause (iia) of clause (24) of section 2, shall, if the total income in respect of which he is assessable as a representative assessee (the total income for this purpose being computed under this Act without giving effect to the provisions of sections 11 and 12) exceeds the maximum amount which is not chargeable to income-tax, furnish a return of such income of the previous year in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed and all the provisions of this Act shall, so far as may be, apply as if it were a return required to be furnished under sub-section (1).                        

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One thought on “Income Tax Return Form ITR-7
  • r s rajagopalan says:

    Dear Sir, could you please advise how to print ITR7 form which is in xml format after uploading the same for submission of return.