ITR-7 amendment expands disclosure, exemption and tax-computation reporting for trusts, institutions, political parties and electoral trusts. Income-tax (Seventh Amendment) Rules, 2026 substitute FORM ITR-7 in Appendix II of the Income-tax Rules, 1962 for returns filed for Assessment Year 2026-27 with effect from 31 March 2026. The substituted return form applies to persons required to furnish returns under sections 139(4A), 139(4B), 139(4C) and 139(4D), and requires expanded disclosure of registration, approval, objects, activities, accumulation, application of income, corpus, loans, investments, donations, foreign contributions, audit and governing persons.
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ITR-7 amendment expands disclosure, exemption and tax-computation reporting for trusts, institutions, political parties and electoral trusts.
Income-tax (Seventh Amendment) Rules, 2026 substitute FORM ITR-7 in Appendix II of the Income-tax Rules, 1962 for returns filed for Assessment Year 2026-27 with effect from 31 March 2026. The substituted return form applies to persons required to furnish returns under sections 139(4A), 139(4B), 139(4C) and 139(4D), and requires expanded disclosure of registration, approval, objects, activities, accumulation, application of income, corpus, loans, investments, donations, foreign contributions, audit and governing persons.
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