ITR-7 Is Filed When Persons Including Companies Are Required To File Their Returns As Per These Section:

• section 139(4A): Income of Charitable and Religious Trusts
• section 139 (4B): Political Parties
• section 139 (4C): Scientific research institutions
• section 139 4(D): University, college or other institution

Who Is Required To Submit An ITR-7 Form?

• Every individual receiving income from property held under a trust or other legal obligation used entirely or mainly for charity or religious purposes must file a return under section 139(4A).
• Suppose the total income before applying the provisions of section 139A exceeds the maximum that is not subject to income tax. In that case, a return under section 139(4B) must be filed by the political party.
• Every scientific research association, news organisation, association or institution mentioned in section 10(23A), institution mentioned in section 10(23B), fund or institution, university or other educational institution, or any hospital or other medical institution is required to file a return under section 139(4C).
• Every university, college, or other institution that is not obliged to provide a return of revenue or loss under any other provision of this section must file a return under section 139(4D).
• Every business trust that is not required to provide a return of income or loss under another provision of this section must file a return under section 139(4E).
• Any investment fund referred to in section 115UB shall file a return under section 139(4F). Under any other requirements of this section, providing a return of income or loss is unnecessary.