CBDT Notifies ITR Form 7 for AY 2025-26 – Key Changes

Notification no. 46/2025, dated 09-05-2025

The Central Board of Direct Taxes (CBDT) has officially notified Income-tax Return (ITR) Form 7 for the Assessment Year 2025-26. This form is specifically designed for persons, including companies, who are mandatorily required to file their return of income under the following sections of the Income-tax Act, 1961 –

• Section 139(4A) – For trusts and institutions claiming exemption under Section 11
• Section 139(4B) – For political parties
• Section 139(4C) – For specified institutions such as scientific research associations, news agencies, etc.
• Section 139(4D) – For colleges, universities, and other institutions not required to furnish income/loss under any other provision

1. Key Amendments Incorporated in ITR Form 7

Most of the changes in the notified Form are aligned with the recent amendments introduced through the Finance (No. 2) Act, 2024. These amendments aim to ensure greater transparency, accountability, and accurate reporting of income and tax liabilities by entities governed under the above sections.

2. Major Highlights of the Revised ITR Form 7

1. Revised Disclosures in Line with Finance Act Amendments – The Form has been updated to reflect recent changes in tax treatment, reporting requirements, and compliance mandates brought about by the Finance (No. 2) Act, 2024.
2. Mandatory Reporting of Exempt Income Sources – Enhanced fields have been introduced to capture details of income claimed as exempt under various provisions, along with the documentary basis and applicable registration numbers.
3. Changes for Trusts and Charitable Institutions – Specific reporting requirements have been updated for trusts and institutions under Section 11, including donor-wise disclosures, application of income, and accumulated income tracking.
4. Additional Schedules and Validation Checks – New schedules have been added, and validation rules strengthened, to improve accuracy in reporting and reduce the scope for errors or omissions.
5. E-filing and Audit Compliance Requirements – The updated form continues to support electronic filing and includes prompts for mandatory reporting of audit reports, registration details under various laws, and CSR disclosures (where applicable).

3. Applicability and Filing Timeline

Entities falling under any of the above-mentioned categories must ensure timely submission of ITR Form 7, along with requisite audit reports and documentation, within the prescribed due date for AY 2025-26. Delay or non-compliance may attract penalties under the Act.

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