ITR 7 - Eligibility, Due Date, How to File and Download ITR-7 Form?

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 (4D): University, college or other institution

The tax payers for whom tax audit is not applicable, should file their return on or before 31st July, 2025. For tax audit applicable tax payers, the due date is 31st October 2025. This article explains in detail, the eligibility, due dates, contents of Form ITR-7 and its e-verification procedures.

The CBDT has notified changes made in form ITR-7 in its official gazette. The following are the key changes made:

Change Area	Description
Capital Gains Split	Capital gains must be split based on transfer date: before or after 23rd July 2024
Buyback Loss Reporting	From 1st October 2024, capital losses on share buybacks are allowed if the related dividend income is reported under “Income from Other Sources.” A new field has been added to the Capital Gains Schedule in ITR forms to report such buy-back losses, ensuring compliance with the amended provision
TDS Section Reporting	Taxpayers must report TDS sections in 'Details of TDS deducted' for better accuracy and reconciliation.
Interest on Home Loan u/s 24	More detailed disclosures are required for claiming deduction under section 24 - interest on home loan.

Who is Eligible to File the ITR-7 Form?

• Return under section 139(4A) is required to be filed by 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.
• 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 institution specifically mentioned in the section, claiming exemption under section 10
• Return under section 139(4D) is required to be filed by colleges, universities and institutions of scientific research as covered under section 35(1).

ITR 7 Due Date

The due date for filing ITR-7 can vary. Typically, the due date for filing ITR-7 is as follows:

• For taxpayers who are not required to get their accounts audited: July 31st of the next financial year.
• For taxpayers who are required to get their accounts audited (including companies):  October 31st of the next financial year.

However, it's important to note that these dates can be subject to change based on notifications issued by the Income Tax Department.

What is the Structure of the ITR-7 Form?

The ITR-7 form has been divided into 2 parts and 23 schedules. 
From AY 2025-26, a taxpayer has to also provide information on the details of registration or approval.

Part-A – General information

Part-B – Outline of the total income and tax computation with respect to income chargeable to tax.

• Schedule-I: Details of amounts accumulated/ set apart within the meaning of section 11(2) or in terms of third proviso to section 10(23C)/10(21) read with section 35(1) in last 7 financial years viz., previous years relevant to the current AY.
• Schedule IA: “Details of accumulated income taxed in earlier assessment years as per section 11(3)"
• Schedule-D: Details of deemed application of income under clause (2) of Explanation 1 to sub-section (1) of section 11.
• Schedule-DA: Details of accumulated income taxed in earlier assessment years as per section 11(1B).
• Schedule-J: Statement showing the investment of all funds of the Trust or Institution as on the last day of the previous year.
• Part A-BS : Details of Application and Sources of Fund as on 31st March 2024
• Schedule R: Reconciliation of Corpus of Schedule J and Balance sheet
• Schedule-LA: Details in case of a political party.
• Schedule-ET: Details in case of an Electoral Trust
• Schedule-VC: Details of Voluntary Contributions received.
• Schedule AI: Aggregate of income derived during the year excluding voluntary contributions
• Schedule A: Amount applied to stated objects of the trust/institution during the previous year from all sources referred to in C1 to C7 of this table
• Schedule IE-1, IE-2, IE-3 and IE-4: Income and expenditure statements as applicable
• Schedule-HP: Computation of income under the head Income from House Property
• Schedule-CG: Computation of income under the head Capital gains. 
• Schedule VDA: Income from transfer of virtual digital assets u/s 115BBH
• Schedule-OS: Computation of income under the head Income from other sources 
• Schedule-OA: General information about business and profession 
• Schedule-BP: Computation of income under the head profit and gains from business or profession 
• Schedule-CYLA: Statement of income after set off of current year’s losses 
• Schedule PTI: Pass through Income details from business trust or investment fund as per section 115UA, 115UB 
• Schedule-SI: Statement of income which is chargeable to tax at special rates 
• Schedule 115TD: Accreted income under section 115TD 
• Schedule 115BBI: Specified income of certain Institutions covered u/s 115BBI
• Schedule FSI: Details of income accruing or arising outside India 
• Schedule TR: Details of tax relief claimed for taxes paid outside India 
• Schedule FA: Details of Foreign Assets and Income from any source outside India 
• Schedule-SH: Details of shareholding in an unlisted company 
• Part B-TI: Computation of total income 
• Part B1 : Applicable if exemption is being claimed u/s 11 and 12 or 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via) and where Part B3 is not applicable
• Part B2 - Applicable if exemption is being claimed under section 13A/13B and under sections 10(21), 10(22B), 10(23A), 10(23AAA), 10(23B), 10(23EC), 10(23ED), 10(23EE), 10(29A), 10(23C)(iiiab), 10(23C)(iiiac), 10(23C)(iiiad), 10(23C)(iiiae), 10(23D), 10(23DA), 10(23FB), 10(24), 10(46), 10(47)
• Part B3 : Applicable if total income chargeable to tax u/s twenty-second proviso to section 10(23C) or section 13(10)
• Part B-TTI: Computation of tax liability on total income Tax payments: 
  • Details of payments of Advance Tax and Self-Assessment Tax 
  • Details of Tax Deducted at Source (TDS) on Income (As per Form 16A/16B/16C/16D/16E). 
  • Details of Tax Collected at Source (TCS)

ITR-7 Filing process  

This return form has to be mandatorily filed online with the Income Tax Department in the following ways:

• by furnishing the return electronically under digital signature
• by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V

Verification of Form ITR-7

ITR-7 can be filed with the Income‐tax Department electronically and verified in any one of the following manner:

• Through DSC(digital signature certificate)
• Authenticating by way of Electronic Verification Code (EVC)mode
• Aadhaar OTP
• Duly signing the ITR-V acknowledgment and posting it to CPC office i.e., Centralized Processing Centre, Income Tax Department, Bengaluru— 560500, Karnataka

Note: However, a political party shall compulsorily furnish the return through a digital signature certificate(DSC) 

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.

How do you send your ITR-V to the CPC Office?

If the income tax return ITR-7 is filed electronically, there is no need to send it to CPC office. 

We have a guide to help you print and send your ITR-V to the CPC office. 

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