ITR 7 - How to file ITR 7 online - HDFC Life

1. Returns under Section 139 4A are meant to be filed by religious/charitable entities.
2. Returns under Section 139 4B are meant to be filed by political parties.
3. Returns under Section 139 4C are meant to be filed by scientific agencies, news agencies etc.
4. Returns under Section 139 4D are meant to be filed by educational institutions, universities or colleges.

For online return filing using ITR 7 form, following are the steps to be undertaken:

1. Using digital signature, furnish the relevant information
2. The furnished data is then submitted on the filing application under different applicable schedules
3. The  verification is then submitted under ITR V form

A standard ITR6 form structured in the following manner must be filled accordingly after accessing the online filing application:

1. Part A is where the general information etc. is submitted
2. The gross income earned from the applicable income types is submitted in Part B
3. The garnered financial corpus and the relevant details (as applicable for the current fiscal) must be submitted in schedule I.
4. Schedule J is where the details regarding the investment status of the funds (as recorded on the last day of the previous financial year) are submitted.
5. The details of the founders, authors, Trustees etc. (wherever applicable) are submitted in schedule K.
6. In case the return is being filed by a political party, the details have to be submitted in schedule LA.
7. Schedule ET is used to fill in the details in case of an electoral trust.
8. There is Schedule HP, wherein the earnings from House Property are to be mentioned.
9. The earnings from any capital gains are submitted under schedule CG.
10.  There is schedule OS, where the earnings from other sources are to be mentioned.
11.  All the details pertaining to any voluntary contributions are submitted under schedule VC.
12. Schedule OA is where the information related to general business details is submitted.
13.  The earnings from business or profession are submitted under schedule BP.
14.  The earnings that reflect after considering the current year losses are stated in Schedule CYLA.
15.  The calculations related to minimum alternate tax (under Section 115JB (n)) are submitted under schedule MAT.
16.  The details of tax (Section 115JAA) are submitted under schedule MATC.
17.  The calculations related to alternate minimum tax (under Section 115JB (p)) are submitted under schedule AMT.
18.  The details of tax (Section 115JD) are submitted under schedule AMTC.
19.  Tax collected at source is submitted under schedule TCS.
20. Tax deducted at source (for salary) is submitted under schedule TDS.
21.  The details of foreign assets are submitted under schedule FA.
22.  Taxes paid outside India are submitted under schedule TR.
23. Any earnings from a source outside India are submitted under schedule FSI.

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ITR 7 - How to file ITR 7 online