Branch² Intelligence
ITR-7 Excel Utility Released: Check Eligibility, Download And Filing Details For AY 2026-27
Key takeaway
ITR-7 Excel Utility released for AY 2026-27, covering trusts, political parties, research institutions, universities, and colleges.
- Step 1Income Tax Department releases ITR-7 Excel Utility for AY 2026-27, enabling filing for trusts, political parties, research institutions, universities, and colleges.
- Step 2Covered entities must file using this utility; non-compliance risks penalties and loss of tax-exempt status.
- Step 3Increased compliance burden for SME trusts and educational institutions, potentially diverting resources from core operations.
Source: IN:NDTV Profit
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