ITR-7 RETURN

Income Tax Return i.e. ITR is simply a form that has to be filed with the Income Tax Department. Some employees at the company term it an income tax return filing or an income tax filing. The main motto of online ITR filing is to make a report of income and the taxes that are paid to the government.
Who can file the ITR-7 Form ?

ITR-7 has to be filled by persons and companies who are required to furnish under section 139 (4A-4B-4C-4D-4E-4F).
Section 139 numbers along with details have been mentioned below:
Any person whose receipt of income is formed from property held which is under a trust or other legal obligation totally for charitable or religious purposes or partially for the same purpose should file a return under section 139(4A).
Any political party's total income without bringing into effect the provisions of section 139A exceeds the threshold amount which is not chargeable to income-tax should file a return under section 139(4B).
News agencies, scientific research centers, and associations, Institutions or universities, or other educational institutions referred to in section 10(23B), hospital or other medical institution, association or institution referred to in section 10(23A). These all are supposed to file returns under section 139(4C)
Any university, college, or other institution, chăm sóc người bệnh tại bệnh viện which does not have to file a return of income or loss under any other provision should file a return under section 139(4D).
Any business trust that isn't required to furnish a return of income or loss under any other provisions of should file a return under section 139(4E).
Those investment funds referred to in section 115UB should file a return under section 139(4F).
What is the Sequence for filling parts and schedules in ITR-7?

While filling out the income tax return, the Income Tax Department recommends assesses to follow the below sequence:
1) Part A
2) Part B
3) Schedules
4) Verification
How can I file my ITR-7 Form?

A taxpayer has to file ITR-6 online mandatorily. There is no offline process for ITR-7.
The ITR-7 can be filed Online/Electronically by:
Furnishing the return electronically under digital signature
You would have to transmit data electronically and then submit the verification of the return in the form of ITR-V.
After this, the assessee should print two copies of the ITR-V Form. A copy should be duly signed and then it has to be sent by ordinary post to the Electronic City Office in Bengaluru. The other copy may be kept by the assessee for his own record.

What is the structure of the ITR-7 Form for AY 2020-21?

ITR-6 Form has been divided into two categories i.e. parts and several schedules:
Part-A – General information
For the AY 2019-20, a taxpayer also has to provide information on the details of registration or approval.
Part-B – Outline of the total income and tax computation with respect to income chargeable to tax.