Steps
Just fill the form and our CA's will contact you regarding the ITR-7 Return Filing.
Filling out the form is quick and easy and will provide you with numerous
benefits in the long run.
By
this, you will be able to get consultation from our Auditorwala CA/CS and will
be able to get
Guidance. So, why wait? Take the first step towards a bright future for
your business and fill out the form today.
The Income-tax department has outlined several methods through which the taxpayers can file ITR-7:
All the details must be filed properly as indicated or else the return will be defective or
invalid.
The figures relating to tax and incomes must be rounded off to the nearest multiples of ten
rupees.
Other figures must be rounded off to the nearest one rupee.
Negative figures or the loss figures shall be written as "-" before such a number unless
provided otherwise.
“Nil” to be written for Figures with zero or nil value.
If any item doesn't apply to the assessee write “NA” against it.
The required information is to be filled in the verification document. Strikeout whatever is not
applicable. Pleasure ensures that the verification has been signed before the returns are
furnished.
Choose the designation/ capacity of the person signing the return.
It is to be noted that any person who is making a false statement in return or accompanying the
schedules should be liable to be prosecuted under the section which can lead to imprisonment and
also a fine.
ITR 7 can be filed with the Income Tax Department in the following ways:
- By furnishing the returns in the electronic manner using the digital signature certificate
- By transmitting the data in the return and thereafter submitting the verification of the return in the ITR V Return Form
Here are some common documents that you may need to gather before filing ITR-7:
- PAN Card of the trust, association, political party or institution
- Trust Deed, Memorandum of Association or Articles of Association, if applicable
- Details of income received during the financial year, such as interest income, rental income, etc.
- Details of tax payments made by the trust, association, political party or institution.
- Details of all the investments made by the trust, association, political party or institution during the financial year.
- Information regarding any exempt income, if applicable.
- Any other documents that are relevant to the trust, association, political party or institution's income sources and deductions.
