![]() While political parties are exempt from taxation u/s Section 13A, this exemption applies only if they file annual returns using ITR 7. Section 139(4B) specifically applies to political parties. Additionally, in order to file income tax return using ITR 7, such property must be held under a legal obligation or as a trust. Income tax filing under Section 139(4A) is for any person who receives income from property used solely/partially for charitable or religious purposes. The following the key individuals/businesses who can file income tax return using ITR-7: Filing ITR 7 u/s 139(4A) ![]() Eligibility Criteria for Tax Filing using ITR Form 7 Income Tax Return Form 7 or ITR 7 is an income tax return form that is to be submitted by tax assessees who are required to file returns under key sub-sections of Section 139 of the Income Tax Act, 1961.
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