Welcome to ASK Associates, your trusted partner for seamless and efficient Income Tax Return (ITR) filing services in India. We specialize in providing expert assistance for specialized entities filing ITR-7 forms. With our user-friendly platform and experienced team, we simplify the filing process, helping organizations meet their tax obligations effortlessly.

ITR-7 Form Overview

 ITR-7 is a specialized income tax return form designed for entities like firms, companies, local authorities, associations of persons (AOPs), and artificial judicial persons claiming exemptions under various sections of the Income Tax Act. Filing ITR-7 can be complex, but with ASK Associates, you can navigate it effortlessly.

Who Can File ITR-7 Form?

ITR-7 applies to entities claiming exemptions under sections 139(4A), 139(4B), 139(4C), and 139(4D) of the Income Tax Act. This includes charitable trusts, political parties, scientific research institutions, universities, colleges, and certain business trusts and investment funds.

Ineligibility for ITR-7 Form

 Individuals not seeking exemptions under the specified sections are not required to file the ITR-7 form.

Eligibility Criteria for Filing ITR-7 Form

 Entities like trusts, companies, firms, local authorities, associations of persons (AOPs), or artificial judicial persons eligible for exemptions under the specified sections can file the ITR-7 Form for Income Tax Returns.

Deadline for Filing ITR-7 Form: The due date for filing ITR-7 Form varies based on whether the accounts require auditing. For non-audit cases, the deadline is July 31, 2023, for AY 2023-24, while audit cases have a deadline of October 31, 2023, extended to November 30, 2023.