Question 1

What is the ITR 7 due date?

Accepted Answer

The Form ITR 7 has to be filed within the given time period to avoid penalties. For businesses that require audit ITR 7 should be filed by 31 October 2022 and for businesses that doesn't require noded the ITR has to be submitted on 30 November 2022.

Question 2

How do I find my ITR 7?

Accepted Answer

ITR 7 return filing procedure using a digital signing certificate to electronically submit the returns. You can also get in touch with Vakilsearch to file form ITR 7 without much delay.

Question 3

Can I file an ITR for the past two years?

Accepted Answer

People who accept their prior ITR within two financial years, but after one within the related financial year, would be compelled to pay a ₹5,000 loss. A 1% penalty income will be fined for any income tax recoveries that are not spent by the deadline.

Question 4

Are trusts required to file ITR?

Accepted Answer

Yes, all the  trusts are required to file their ITR. If the Trust is obliged to have its accounts audited, the income tax return and the Digital Signature of the Chartered Accountant in charge of conducting the audit must be sent electronically.

Question 5

Which ITR can you file on behalf of a trust?

Accepted Answer

Type ITR-7 society integrated under the Societies Registration Act of 1860 or another State's law. Other trusts are authorised to file Form ITR-7.