Can ITR 7 for section 8 company be filled using income and expenditure account prepared on accrual basis as source of funds and application of funds or preparation of separate receipts and payments account(cash basis) compulsory for ITR 7?
But I think , if they are filling under section 139(4A) of the income tax Act, then they have to file ITR7 . because,Section 8 Companies are for Charitable object. So please let us know are you filling income tax return under section 139(4) of the income tax Act ?.
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