Requirements of itr 7

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 September 2013 IN ITR 7 PAN OF ALL THE MEMBERS ARE MANDATORY BUT IF THERE ARE A LARGE NO. OF MEMBERS & THEY NOT HAVE PAN THEN HOW TO FILL "SCHEDULE K" OF ITR- 7. IS THERE ANY SCOPE OF ATTACHMENTS WITH ITR 7?

Ajay Mishra

Ajay Mishra (Expert)
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07 September 2013 Go to the following link:

https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/PDF/Ay-2013-2014/InstructionITR7_2013.pdf

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2013 sir,
on this link following point is written about PAN of members
"Schedule K: Here, mention the particulars regarding the author(s)/ founder(s)/ trustee(s)/ manager(s) etc., of the
trust or institution with their names, and date of creation of trust/ institution etc"
still it is not clear that is there any way to fill the form without PAN of members.

IS IT POSSIBLE TO FILL ITR 7 MANUALLY?

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2013 Mr. expert i m still waiting for your reply.. ... please reply before due date i.e. 30 sep. 2013.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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21 July 2025 Here’s a detailed and practical reply to your query on ITR-7 – Schedule K and PAN of members, especially when dealing with trusts or institutions with a large number of members:

🔷 ITR-7 and Schedule K: PAN Requirement
✅ What is Schedule K?
Schedule K of ITR-7 is meant to disclose:

Details of Author(s)/Founder(s)/Trustee(s)/Manager(s), etc.

Their Name, Address, PAN, and Role in the trust/institution.

✅ Is PAN of All Members Mandatory?
As per the Income Tax Return utility instructions:

PAN is mandatory where available.

If a person does not have a PAN, you may leave it blank or enter "Applied For" (if application has been made).

There is no penalty for not furnishing PAN of a person who genuinely does not have one, but it must be disclosed that the person does not hold a PAN.

🔍 Note: The utility does not stop validation if PAN is blank, as long as other required fields (Name, Role, Address) are filled.

⚠️ Important:
It is advisable to collect PANs of key managerial persons (trustees/founders), especially if they are involved in financial control, to maintain compliance.

If there are dozens or hundreds of members, restrict disclosure in Schedule K to:

Trustees

Settlor/Author

Key Managers

Top executives or controlling members

🔷 Manual Filing of ITR-7
❌ Is Manual Filing Allowed?
No. ITR-7 must be filed electronically, either:

With digital signature, or

Through Electronic Verification Code (EVC).

Manual (paper-based) filing is only permitted for political parties or certain exempt persons with income below exemption limits and not claiming refund – not for regular trusts.

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