Guidance for Filing ITR-7 for Section 11 (Trust Registered u/s 12A/12AA)

Guidance for Filing ITR-7 for Section 11 (Trust Registered u/s 12A/12AA)

Guidance for Filing ITR-7 for Section 11 (Trust Registered u/s 12A/12AA)

Charitable Institutions which are registered under section 12A/12AA   of the Act can claim exemptions under section 11 of the Act when conditions are become fulfilled. While Section 11 is a general provision and applicable to all charitable institutions.

Please follow the steps below for   Filing ITR-7 for Section 11 (Trust Registered u/s 12A/12AA)

Step 1 : - 

Go into transactions  → General Information/BS/P&L  →   Page No 5   →  Click Here to fill Detail 

Registration Details u/s 12A/12AA should be filled in Schedule Part-A General

Information is required to be filled -

Name of Project/Institution
Nature Of activity
Classification code
Approval/Reg No.
Approval Registering Authority
Section Under which registered of approved 

Step 2 :- 
Go into transactions  → Filling Information   → Filling status 

‘Return furnished section’ should be selected as 139(4A) and ‘Section under which exemption claimed’ should be select as section 11 in Schedule Part-A General

Step 3
Go into transactions  → Other Source Income →   Schedule-AI and/ Other Donation 
Income should be disclosed in Schedule-AI and/or Schedule-VC

Step 4
Go into transactions  → Trust Regd. U/s 12 → Point No 1
Application of Income- Revenue expenditure should be disclosed in Schedule-ER 

•Application of Income- Capital expenditure should be disclosed in Schedule-EC.

Exemption u/s 11(1A) claimed in Schedule EC will be allowed to the extent of net consideration disclosed in the Schedule-AI.

These instructions are guidelines data entry in software  for filling the particulars in Income-tax Return Form-7  for Section 11 (Trust Registered u/s 12A/12AA)  for the Assessment Year 2020-21 relating to the Financial Year 2019-20. In case of any doubt, please refer to relevant provisions of the Income-tax Act

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