ITR-7

Tax Glossary Definition

ITR-7

ITR-7 – An income tax return form for entities claiming exemption under Sections 11, 12, 13, 50B, or 139(4A), such as charitable or religious trusts, political parties, and other exempt organizations, to report income and claim exemptions. Example: An NGO operating an educational institution files ITR-7 to claim tax exemption

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