ITR-7 Form Filing

ITR-7-FORM-FILING

ITR-7 is filed for causes other than individuals which including companies, Firms, Local authority, Association of Person (AOP) and Artificial Judiciary Person fall under this category. The sections included are

Chargeable Income To Tax And The Outline Of The

Total Income And Tax Computation Outlined Under This Section

Schedule-I: Details of amounts accumulated/ set apart within the meaning of section 11(2) in last year’s viz., previous years relevant to the current assessment year.
Schedule-J: Statement showing the investment of all funds of the Trust or Institution as on the last day of the previous year.
Schedule-K: Statement of particulars regarding the Author(s)/ Founder(s)/ Trustee(s)/ Manager(s), etc., of the Trust or Institution
Schedule-LA: Details in case of a political party
Schedule-ET: Details in case of an Electoral Trust
Schedule AI: Aggregate of income derived during the year excluding voluntary contributions
Schedule EC: Amount applied to charitable or religious purposes in India – Capital Account
Schedule-HP: Computation of income under the head Income from House Property.
Schedule-CG: Computation of income under the head Capital gains.
Schedule-OS: Computation of income under the head Income from other sources.
Schedule-VC: Details of Voluntary Contributions received

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-MAT: Computation of Minimum Alternate Tax payable under section 115JB (n)
Schedule-MATC: Computation of tax credit under section 115JAA
Schedule AMT: Computation of Alternate Minimum Tax payable under section 115JC (p)
Schedule AMTC: Computation of tax credit under section 115JD
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 FSI: Details of income accruing or arising outside India
Schedule TR: Details of Taxes paid outside India
Schedule FA: Details of Foreign Assets

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