Income tax return filing for charitable trusts, religious trusts, and NGOs. ITR-7 preparation with Section 11/12 exemption claims and 85% application compliance.
Trusts, NGOs, and Section 8 Companies registered under Section 12A must file ITR-7. They can claim exemption under Section 11 if 85% of income is applied for charitable purposes. Corpus donations are exempt. Violations can lead to denial of exemption and taxation at maximum marginal rate. Annual Form 10B audit is mandatory.
Compute gross receipts and application
Calculate 85% application and exemption
Prepare return with all schedules
E-file after Form 10B upload
Timeline: 7-10 Days
*Govt fees extra where applicable