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Informative

Income Tax Return: CBDT Notifies ITR Form 7 for AY 2025-26

Update / Judgement Date

11 May 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceIncome Tax

CBDT notified the new ITR-7 form for AY 2025-26 with enhanced disclosures for political parties, charitable trusts and other specified entities. The revised form requires detailed breakdowns of donations, foreign contributions and expenditure patterns. These changes aim to improve transparency in tax-exempt organizations' finances while maintaining their special status.