CA Assisted ITR Filing of NGO (Trust, Society and Section 8 Company)


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ITR of Ngos

We make Income tax return filing very easy and simplified.

Running your NGO? Now, file your NGO’s Income Tax return with the help of Chartered Accountants who are Experts in Income Tax Law. Being a Trustee/Member/director of the NGO comes under your obligation under the Income Tax Act, 1961. You may have lots of confusion as it involves taxation aspect of your Non-Profit Organization. Request a call back here

At Compliance Ease Cure LLP, Chartered Accountants are qualified to resolve any query related to ITR filing, notice and other query related to Income tax. For any query or problem, you may have, our experts who will assess your NGO workings and advise you for your tax return issues.

E-mail us PAN and Financials at info@complianceease.in

For inquiries, WhatsApp/Call us on 97 73 64 69 99

Income Tax Return is nothing but a prescribed form through which the particulars of income earned by a person (here in you case person means NGO) in a financial year and tax payable on such income is communicated to the Income tax department after the end of the relevant financial year.

The forms used to file details of income taxes payable and Paid with Government are known as Income Tax Returns. Income tax return forms are provided for different assessesee by the IT department. It is also a complete online procedure where you need not submit any physical form to the department.

The Central Board of Direct Taxes (CBDT) has made it mandatory to file Income Tax Returns for all NGOs irrespective of their income or loss. ITR-7 is prescribed form of ITR through which the particulars of NGO in a financial year is communicated to the Income tax department after the end of the relevant financial year.

Let us help you understand ITR filing for NGO in simple words:

An NGO has to file ITR-7 at the end of the relevant financial year.

Income Tax Return Form 7 or ITR 7 is an income tax return form that is to be submitted by tax assesses who are required to file returns under key sub-sections of Section 139 of the Income Tax Act, 1961.

ITR-7 is a form filed by those individuals and companies that fall under the following sections:

  • iconSection 139 (4A)
  • iconSection 139 (4B)
  • iconSection 139 (4C)
  • iconSection 139 (4D)

Taxpayers who are not claiming exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C) or Section 139 (4D) are not liable to file ITR-7 Form for Income Tax Return.

Online Tax returns are set up in an excel worksheet & Java Formats, where the income figures are used to calculate the tax liability of persons. Tax returns are to filed every year by NGO. We are here to help you to file ITR-7 to the Income tax department. Let our team of Chartered Accountants help you in filing your NGO Tax Returns.

Documents Required for ITR of Ngos

For filing Income Tax returns of your NGO, we need from you the accurate information on workings and TDS paid. Here is a checklist of what we need for e-Filing your Income Tax returns:

  • iconFinancials: We need financials of your NGO to get accurate information.
  • iconForm 26 AS: If your NGO have previously filed ITR, we can access the same from Income Tax Login if you have login credentials. Form 26AS can also be downloaded through net banking if PAN is mapped to that particular account.
  • iconDetails of bank accounts: We need bank account detail including the IFSC Codes. It is mandatory to give the details of all the bank account of NGO for filing income tax returns ITR-7.
  • iconIt is important to note that no document should be provided with the return form when you file the ITR 7 Form. If such documents are attached to the ITR Form 7, they will be removed and handed back to you. You must match the amount of tax deducted, paid, or collected by you or on your behalf with the Tax Credit Statement in Form 26AS.

Legal Procedures for ITR of Ngos

Below are the Steps for e-Filing of Income Tax Return for NGO:

  • iconYou submit all the required details and documents to us.
  • iconOur Compliance Manager (Chartered Accountant) will understand your NGO tax implication and liabilities over phone or video call.
  • iconPreparation of the Income Tax Return after discussing all the points in detail.
  • iconFiling of Income Tax Return with the Income Tax Department on your behalf.
  • iconOn successful submission for form, ITR-V would be displayed.
  • iconClick on the link to download the ITR-V.
  • iconITR-V will also be sent to the registered email.
  • iconE-verify the Income Tax Return by various methods available by looking at the most feasible one for you.
  • iconCECL Team will also send you the computation of income for your understanding.

Features & Benefits for ITR of Ngos

You must have heard or seen many advertisements which encourages the NGO to file the income tax return with the department. But wait, what is the benefit of filing the same. Well, here are the answer which will enlighten your knowledge and encourage you to file your NGO income tax return with the department. Some of them are given below:

  • iconLaw Compliant NGO: The first and one of the most important benefits of filing of income tax returns is that, it ensures that the NGO is compliant with the Indian Income tax laws. By staying within the time lines, the NGO would be able to manage his financial affairs effectively.
  • iconLoan Requirement: If a loan (Term Loan or Working Capital Loan) is required to be obtained from any bank or financial institution, the tax returns would be required to prove the ability of the NGO to repay the loans. It also becomes a proof that the NGO have a regular income and have paid taxes on it and then Banks and other Financial Institutions feel comfortable in giving your NGO a loan of any nature including cash credit.
  • iconTo get refund on excess tax paid (if any): If your NGO’s TDS has been deducted more than its tax liability, it becomes very important that your NGO file tax returns to claim tax refunds. Without filing the ITR, the Income Tax Department shall not issue tax refunds. Excess taxes paid by any NGO either by way of TDS on Fixed Deposit Interests, any other Tax Deductions or advance/self-assessment tax can be refunded only by filing income tax returns.
  • iconTo carry forward the Loss: If your NGO have sustained a loss under the head “Capital Gains”, your NGO can carry forward the loss only if your NGO file the Income Tax Return by the due date. Therefore, if your NGO have sustained a loss, you must file the Income Tax Return of the NGO in time if you want to carry forward the loss for future adjustment with your NGO Income. If your NGO have any capital loss, you can carry it forward for the next eight consecutive financial years.
  • iconTo avoid penalty: If you do not file your Income Tax Return, the Income Tax Department may impose a penalty. If your NGO do not file the Income Tax Return by the due date, you are liable to pay interest as well payable for every month after the due date till the date of filing the return.