File your exempt entity tax
return accurately with expert
ITR-7 filing support
🟩 For trusts, NGOs and exempt institutions
🟩 Covers donations and exempt income
🟩 Accurate and compliant tax filing
🟩 Transparent financial reporting
🟩 End-to-end filing support
ITR-7 is prescribed for charitable trusts, religious institutions, political parties, educational institutions, research associations and other entities claiming exemption under the Income Tax Act, 1961.
It ensures transparent reporting of donations, grants, receipts and expenditure while maintaining complete regulatory compliance.
ITR-7 is prescribed for charitable trusts, religious institutions, political parties, educational institutions, research associations and other entities claiming exemption under the Income Tax Act, 1961.
It ensures transparent reporting of donations, grants, receipts and expenditure while maintaining complete regulatory compliance.
Benefits
Benefits
Tax Comparison
Sole Proprietorship
vs Others
Tax Rate
Individual income tax slabs
ranging from 0% to 30%.
Minimum Tax
No tax payable up to
₹2.5 lakhs of income.
Expense Deduction
Business-related expenses
are fully allowed.
Advance Tax
Applicable if total tax
liability exceeds ₹10,000.
Audit Requirement
Audit required only if
turnover exceeds limits.
Tax Rate
Flat tax rate of
30% on total income.
Minimum Tax
Taxable irrespective of
partner’s personal income.
Expense Deduction
Business expenses
are allowed as deductions.
Advance Tax
Advance tax payment
is applicable.
Audit Requirement
Audit generally required
as per applicable rules.
Tax Rate
Corporate tax at 25%
for turnover below ₹400 cr.
Minimum Tax
Taxable regardless of
dividend distribution.
Expense Deduction
Business expenses
are allowed.
Advance Tax
Advance tax payment
is mandatory.
Audit Requirement
Statutory audit is
mandatory every year.
Tax Rate
Individual income tax slabs
ranging from 0% to 30%.
Minimum Tax
No tax payable up to
₹2.5 lakhs of income.
Expense Deduction
Business-related expenses
are fully allowed.
Advance Tax
Applicable if total tax
liability exceeds ₹10,000.
Audit Requirement
Audit required only if
turnover exceeds limits.
Tax Rate
Flat tax rate of
30% on total income.
Minimum Tax
Taxable irrespective of
partner’s personal income.
Expense Deduction
Business expenses
are allowed as deductions.
Advance Tax
Advance tax payment
is applicable.
Audit Requirement
Audit generally required
as per applicable rules.
Tax Rate
Corporate tax at 25%
for turnover below ₹400 cr.
Minimum Tax
Taxable regardless of
dividend distribution.
Expense Deduction
Business expenses
are allowed.
Advance Tax
Advance tax payment
is mandatory.
Audit Requirement
Statutory audit is
mandatory every year.
Registration Process
Registration Process
Post-Registration Compliances
Post-Registration Compliances
Complete e-verification
within prescribed period
Maintain donation and
financial records
Complete audits
wherever applicable
Respond promptly to
department notices
File returns before due
dates every year
File ITR-3 annually
as per income tax rules.
Pay advance tax if
liability exceeds ₹10,000.
Complete e-verification within prescribed period
Maintain donation and
financial records
Complete audits
wherever applicable
Respond promptly to
department notices
File returns before due
dates every year
Common Mistakes to Avoid
Common Mistakes
to Avoid
Using incorrect return form
may cause rejection
Missing donation details
may trigger notices
Incorrect figures may
delay return processing
Wrong disclosures may
affect exemption claims
Unverified returns remain
invalid and incomplete
Late filing may attract
penalties and notices
Using incorrect return form
may cause rejection
Missing donation details
may trigger notices
Incorrect figures may
delay return processing
Wrong disclosures may
affect exemption claims
Unverified returns remain
invalid and incomplete
Late filing may attract
penalties and notices
If you need immediate assistance, please call:
Share a few details with us, and one of our compliance specialists will get in touch shortly.
We’ll guide you through the entire process — from selecting the right business structure to completing registrations and filings — free of charge.
If you need immediate assistance, please call:
Share a few details with us, and one of our compliance specialists will get in touch shortly.
We’ll guide you through the entire process — from selecting the right business structure to completing registrations and filings — free of charge.
Charitable trusts, NGOs, political parties, educational institutions and other exempt entities.
Yes, eligible exempt entities must file ITR-7 even if no tax is payable.
Donations, grants, exempt income, fees and other eligible receipts.
The return remains invalid until successfully verified.
Yes, GMH provides complete assistance from documentation to filing and compliance.