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    <title>Income-tax (Third Amendment) Rules, 2024 - New ITR form - Form ITR-7</title>
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    <description>Notification No. 24/2024 substitutes a new Form ITR-7 in Appendix-II of the Income-tax Rules, 1962, effective 1 April 2024, under powers of section 139 read with section 295. The revised ITR-7 is the mandated return format for persons required to file under sections 139(4A), 139(4B), 139(4C) or 139(4D) and contains detailed Parts and Schedules for registration, corpus and investment reporting, application of funds, disclosures on governance and beneficial owners, specialized schedules for political parties, electoral trusts, voluntary contributions and foreign assets, and computation modules for exempt and taxable incomes.</description>
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      <description>Notification No. 24/2024 substitutes a new Form ITR-7 in Appendix-II of the Income-tax Rules, 1962, effective 1 April 2024, under powers of section 139 read with section 295. The revised ITR-7 is the mandated return format for persons required to file under sections 139(4A), 139(4B), 139(4C) or 139(4D) and contains detailed Parts and Schedules for registration, corpus and investment reporting, application of funds, disclosures on governance and beneficial owners, specialized schedules for political parties, electoral trusts, voluntary contributions and foreign assets, and computation modules for exempt and taxable incomes.</description>
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