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CBDT Announces New ITR-7 Form for AY 2025-26 via Notification No. 46/2025

New ITR-7 Form Notified by CBDT via Notification No. 46/2025

The amended Income-tax Return Form ITR-7 has been notified by the Central Board of Direct Taxes (CBDT) through Notification No. 46/2025, published in the Gazette of India on May 9, 2025. The amendment shall come into force on April 1, 2025, and will be applicable for the Assessment Year 2025-26.

Issued under section 295 read with section 139 of the Income-tax Act, 1961, the revised form substitutes the existing version of ITR-7 in Appendix II of the Income-tax Rules, 1962.

The purpose of this form is for entities like charitable trusts, religious institutions, political parties, research associations, and other institutions that claim exemption under diverse sections of the Income-tax Act, including sections 11, 12, 10(23C), and 13A.

Main Key Highlights of New ITR-7 Form

The purpose of this is to rectify clarity and ensure the tax-exempt entities keep stringent compliance with the pre-requisites under the act. Entities should align their accounting and reporting systems with the newly notified form as mandated to submit ITR-7.

Who Must E-file Form ITR-7?

The ITR-7 form is applicable for:

Under such classes, tax professionals and organisations classified are recommended to analyse the new format and update their tax filing process accordingly.

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