ITR-7 Return Filing
Efficient ITR-7 Filing with OSBS Accounting Solutions Private Limited
ITR-7 is the income tax return form used by specific trusts, institutions, and charitable organizations that are claiming exemptions under section 11, section 12, or section 10(23C) of the Income Tax Act. These entities are required to file ITR-7 to report their income and claim the appropriate exemptions and deductions.
At OSBS Accounting Solutions Private Limited, we provide professional ITR-7 filing services to help your trust or institution comply with tax regulations and ensure all exemptions and deductions are accurately claimed.
Who Should File ITR-7?
Trusts, charitable organizations, or religious institutions claiming tax exemptions under sections 11, 12, or 10(23C)
Political parties
Research associations
News agencies
Entities claiming exemption under sections related to charitable and religious activities
Why Choose OSBS for ITR-7 Filing?
Specialized Filing for Charitable Entities: Our team specializes in ITR-7 filing for trusts, institutions, and organizations that claim exemptions under various sections of the Income Tax Act.
Accurate and Timely Filing: We ensure that your return is filed on time with accurate details about income, expenses, and exemptions.
Maximized Exemptions: We ensure that your trust or charitable institution can claim the maximum tax exemptions available under the law.
Complete Compliance: We make sure your return meets all compliance requirements and avoid penalties for incorrect or late filing.
Confidential and Secure Filing: Your organization’s financial information is handled securely with utmost confidentiality.
Documents Required for ITR-7 Filing
PAN Card of the organization or trust
Aadhaar Number (linked to PAN) of the authorized signatory
Registration Documents of the trust or institution
Financial Statements: Profit and loss account, balance sheet, and income details
Tax Exemption Certificates (section 12A, section 80G, etc.)
Details of Income from exempt activities or charitable work
TDS Certificates (if applicable)
Audit Reports (if applicable)
Steps Involved in ITR-7 Filing
Document Collection: Gather all necessary documents, including financial statements, tax exemption certificates, and other relevant records.
Form Completion: Our experts fill out the ITR-7 form, ensuring all income and exemption details are accurately reported.
Review and Submission: We review the form thoroughly to ensure accuracy and submit it electronically.
E-Verification: We assist with e-verification of the return via Aadhaar OTP, net banking, or DSC.
Acknowledgement: After submission, you will receive an ITR-V acknowledgment for your records.
How OSBS Helps with ITR-7 Filing
Accurate Tax Filing for Charitable Entities: We ensure that your trust or institution’s return is filed correctly, ensuring eligibility for all available exemptions.
Maximize Tax Benefits: We help you maximize deductions and exemptions that your organization qualifies for, reducing your tax liability.
Timely Filing: We ensure that your ITR-7 return is filed before the due date to avoid penalties or interest.
Experienced Team: Our tax experts are experienced in handling filings for charitable trusts and other organizations claiming exemptions under the Income Tax Act.
File Your ITR-7 With Confidence – OSBS Accounting Solutions Simplifies Filing for Charitable Organizations, Trusts, and Political Parties.
Trust OSBS Accounting Solutions Private Limited for accurate and efficient ITR-7 filing and ensure full compliance with tax laws.
