30 March 2026
Please advise me on below points: 1. Whether political party is required to file Form - 10B. 2. ITR - 7 is the Correct ITR form for Political Party. And How to File ITR - 7 3. If some one have the details about the compliance requirement related to political party and how to file ITR - 7 for political party. Kindly share.
31 March 2026
Form 10B: Not required (that is for trusts). ITR Form: Use ITR-7; file it using a DSC before the deadline (usually October 31st) to ensure the tax-exempt status is preserved. Compliance: Ensure the Contribution Report is submitted to the ECI first, as the ITR-7 requires the date of submission to the ECI to claim Section 13A benefits.