![]() Section 139(4B)- Political parties file returns under this section, given their total earned income exceeds the non-taxable limit.Section 139(4A)- Individuals who derive their income from properties held under trusts or other total legal obligations for charitable or religious purposes or must file IT returns under this section by utilising this form.Given below is an explanation of each section to understand the eligibility criteria. 1 lakh in electricity bills last year.Ĭompanies or persons eligible to file ITR 7Īs mentioned above, the companies furnishing returns under the said sections can file ITR 7. 25,000 in TDS (Tax Deducted at Source) in the previous year.Īnyone who paid over Rs. 10 lakh in gross receipts.Ī businessman whose total sales/turnover was over Rs. 1 crore in a current account.Ī person engaged in a profession which allowed him/her to get over Rs. Individuals who want to club their spouses' or underage children's income with theirs.Any individual without having any income from winning lotteries, horse racing, and other windfalls.A person with additional sources of income like other investments, fixed deposits, etc.An individual whose agricultural income is up to Rs.An individual who is not an owner of any foreign asset or does not have any foreign source of income.A person without any income from capital gains and other business.An individual whose income is solely dependent on single housing property.An individual who draws income from salary or pension.The following individuals can apply for this form:
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