• PAN Card of the trust or institution

• Registration certificates under section 12A/12AB, 80G, etc.

• Audited financial statements (Balance Sheet, Income & Expenditure)

• Details of donations, grants, or receipts

• Foreign contribution details (if applicable)

• Previous year’s ITR-7 acknowledgment copy (if applicable)

• TDS details and Form 26AS

• Bank statements for reconciliation

• List of trustees or governing body members

• Details of application of income and accumulation (if opted)

• Initial consultation to assess eligibility and compliance status: 1-2 working days

• Review of financials, donations, application of funds: 2-3 working days

• Computation of income, exemptions, and applicable tax (if any): 2 working days

• Preparation and filing of ITR-7: 1-2 working days post documentation

• Post-filing support and advisory: Ongoing

• We conduct an initial consultation to understand your organization’s structure and tax exemption status

• Our team verifies your registrations under 12A/12AB, 80G, 10(23C), or other applicable sections

• We collect and review your audited financial statements, donation records, and bank statements

• We analyze your income application, accumulation of funds, and compliance with 85% utilization norms

• Our experts compute your total income, exemptions, and any applicable tax

• We accurately prepare your ITR-7 return reflecting all donations, grants, and exemptions

• We assist with foreign contribution (FCRA) disclosures in Schedule FC, if applicable

• Our team files your ITR-7 securely on the Income Tax portal

• You receive a filing acknowledgment along with compliance confirmation

• We provide ongoing support for tax notices, assessments, or exemption-related queries throughout the year

Q1. Is ITR-7 filing mandatory even if there’s no income?
Yes, trusts and NGOs claiming exemption must file ITR-7 to maintain exemption status, even with nil income.

Q2. What is the due date for filing ITR-7?
Generally, by 31st October for entities requiring audit, but subject to annual government notifications.

Q3. Can late filing affect exemption eligibility?
Yes, delayed filing may lead to rejection of exemption claims or penalties.

Q4. What happens if donations or foreign funds are not disclosed properly?
Non-disclosure can lead to scrutiny, penalties, and possible cancellation of registration under section 12AB or 80G.

Q5. Are audited financials compulsory for ITR-7?
Yes, for most trusts, societies, and NGOs, audit is mandatory if income exceeds specified limits.

Q6. Is ITR-7 applicable to political parties?
Yes, under section 139(4B), political parties file ITR-7.

Q7. Can Company Mitra assist with 80G or 12AB registrations too?
Yes, we offer complete compliance services including 12AB registration, 80G certification, and renewal assistance.

Q8. What is Schedule FC in ITR-7?
It relates to foreign contributions received, mandatory for NGOs with FCRA registrations.

Q9. Can educational institutions claim exemption under ITR-7?
Yes, if registered under relevant sections and complying with conditions.

Q10. Will Company Mitra assist with notices or assessment post-filing?
Yes, our package includes year-round support for handling notices or queries related to ITR-7.