CBDT releases Checklist to Avoid Mistakes in Filing ITR 7 for AY 2020-21

S. N.

Exem-ption claimed under section

Return
furn-ished
section

Registr-ation / Approval under
section

Regist-ration
Details
Compulsory

Appli-cable income Sche-dules to be filled for claim of exem-ption

Schedule for claim of Income
Eligible for Exem-ption

Taxable Heads of Income (These
schedules is to be filled only if that head of income is taxable and not eligible for
exemption

Efiling Audit
Report required
and Audit Form

Other Require-ments

1

Sec 11

139(4A)

12A / 12AA

In Schedule Part A General-Personal Inform-ation – Details of regist-ration under Income Tax Act

Sche-dule AI and VC

1) Amount applied for charitable purpose- details to be filled in schedule ER (Revenue Account) and EC (Capital Account) 2) Exemption under clause 2 of explanation to section 11(1) (Deemed Appli-cation) and section 11(2) (Accum-ulation) to be claimed in PART-BTI

Further income due to non compli-ance of provisions of the Act has to be entered in sr.no.5-Additions (sec. 11(1B), 11(3), 12(2) etc.) of Schedule Part BTI Anon-ymous donation taxable u/s 115BBC

Audit report in Form 10B is required to be e-filed one month prior to the due date specified u / s 139(1) (Section 12A(1)(b))

1) If your claiming exemption under explan-ation 11(1)-for Deemed Appli-cation- Form 9A to be efiled before due date.

2 ) Exemption under section 11(2)- for Accumu-lation- Form 10 has to be e-filed within due date and return has to be e-filed within due date.

2

Section 10 (23C)(iv) / 10(23C) / 10(23C) (v) / 10(23C) (vi) / 10(23C) (via)

139(4C)

Section 10 (23C)(iv) / 10(2 3C) / 10(23C) (v) / 10(23C) (vi) / 10(23C) (via)

In Schedule Part A General- Personal Inform-ation – Details of Approval under Income Tax Act

Sche-dule AI and VC

1) Amount applied for charitable purpose- details to be filled in schedule ER (Revenue Account) and EC (Capital Account) 2) Exemption under clause 2 of expla-nation to section 11(1) (Deemed Appli-cation) and section 11(2) (Accumu-lation) to be claimed in PART-BTI

Further income due to non comp-liance of prov-isions of the Act has to be entered in sr.no. 5- Additions (sec. 11(1B), 11(3), 12(2) etc.) of Schedule Part BTI

Audit report in Form 10BB is required to be e- filed one month prior to the due date specified u / s 139(1) (Proviso 10 to section 10(23C))

1) No Forms Notified for the purpose of claiming exemption for deemed application under clause 2 of expla-nation 11(1).

2) No Forms notified for the purpose of claiming exemption under Third Proviso to section 10(23C) – for Accum-ulation.

3

Sec 10(23C)(iiiab) / (iiiac)

139(4C)

In Schedule PI- Details of regist-ration or approval under any law other than Income Tax Act

Sche-dules VC and IE-3

Amount of Exemption u / s 10(23C)(iiiab) to be entered in Schedule Part BTI in sr.no.9a and exemption u / s 10(23C)(iiiac) to be entered in Schedule Part BTI in sr.no.9b

Gross receipts to be filled in Schedule IE-3 Grants received from Govern-ment to be filled in Schedule VC and in Schedule IE-3

4

Sec 10(23C)(iiiad) (iiiae)

139(4C)

Sche-dules VC and IE-4

Amount of Exemption u / s 10(23C)(iiiad) to be entered in Schedule Part BTI in sr.no.9c and exemption u / s 10(23C)(iiiae) to be entered in Schedule Part BTI in sr.no.9d

Anony-mous donation taxable u / s 115BBC

Gross Receipts has to be filled in Schedule IE-4. If Gross receipts exceeds Rs.1 Crore, you are not eligible for exemption under section 10(23C) (iiiad) and (iiiae).

5

13A

139(4B)

In Schedule PI- Details of regist-ration or approval under any law other than Income Tax Act

Sche-dule VC and Sche-dule HP, Sche-dule CG, Sche-dule OS

Amount of Exemption to be entered in Schedule Part BTI in sr.no.12a

1) Exem-ption is not allowable on: Income from BP Income Entered under heads of income HP, CG and OS will be considered for Exem-ption.

For 13A – Schedule LA to be filed-Mandatory fields-

a) Books of accounts is maintained

b) Record of Voluntary Contri-bution exceeding Rs.20,000

c) Books of Accounts Audited

d) Donation Exceeding Rs.2000 by cheque or electronic mode only

e) Report under section 29C(3) Represe-ntation of People Act is submitted.

Return of income has to be filled within due date specified u / s 139(1)

6

13B

139(4B)

13B

In Schedule PI- Details of regist-ration or approval under Income Tax Act

Sche-dule ET to be filled for dona-tions and appli-cation of Income. If any income is taxable (not exempt) the head wise income sche-dule has to be filled

Amount of Exemption to be entered in Schedule Part BTI in sr.no. 12b

Income disclosed under schedule Voluntary contri-bution only will be considered for exem-ption.

Audit Report in Form no.10BC to be filed with the Jurisdic-tional Comm-issioner before due date for filing of the return

For 13B – Schedule ET should filed-Mandatory fields-a)Books of accounts is maintained

b) Record maintained for Voluntary Contri-bution

c) Record maintained for eligible political party to whom contri-butions distributed

d) Books of Accounts Audited as per Rule 17CA.

7

10(22B), 10(23B), 10(23D), 10(23DA), 10(23EC), 10(23ED), 10(23EE), 10(29A), 10(46), 10(47)

139(4C)

Sche-dules VC if appli-cable and IE-1

Amount of Exemption to be entered in Schedule Part BTI (sr.no.8,9) against the same section as selected in schedule Part A General.

8

10(21)

139(4C)

35

In Schedule PI- Details of regist-ration or approval under Income Tax Act

Sche-dules VC if appli-cable and IE-1

Amount of Exemption to be entered in Schedule Part BTI (sr.no.8i) against the same section as selected in schedule Part A General.

In Part B-TI, Sr.no. 11- Income chargeable under section 11(3) read with section 10(21)

9

10 (23AAA)

139(4C)

10(23AAA)

In Schedule PI- Details of regist-ration or approval under Income Tax Act

Sche-dules VC and IE-1

Amount of Exemption to be entered in Schedule Part BTI in sr.no.8d

10

10 (23A), 10(24)

139(4C)

Sche-dules VC and IE-2

Amount of Exemption u / s 10(23A) to be entered in Schedule Part BTI in sr.no.8c and exemption u / s 10(24) to be entered in Schedule Part BTI in sr.no.9h

Exemption u / s 10(23A) will be allowed only on :

Income from CG Income from BP Income from OS (other than Interest & Dividend) Exemption u / s 10(24) will be allowed only on :

Income from HP Income from OS

11

10(21) read with section 35(1) clause ii and iii

139(4D)

35

In Schedule PI- Details of regist-ration or approval under Income Tax Act

Sche-dules VC and IE-1

Amount of Exemption to be entered in Schedule Part BTI in sr.no.8a

In Part B-TI, Sr.no. 11- Income chargeable under section 11(3) read with section 10(21)

12

Other Clauses of section 10 (10(20), 10 (23AA), 10 (23AAB), 10 (23BB), 10 (23BBA), 10 (23BBC), 10 (23BBE), 10 (23BBG), 10 (23BBH), 10(23C)(i), 10(23C)(ii), 10(23C)(iii), 10(23C)(iiia), 10(23C)(iiiaa), 10(23C)(iiiaaa), 10(23C)(iiiaaa), 10 (25)(i), 10 (25)(ii), 10 (25)(iii), 10(25)(iv), 10(25)(v), 10(25A),
10 (26AAB), 10(26B), 10 (26BB), 10 (26BBB), 10(44)) where income is
uncondi-tionally exempt

Others

Sche-dules VC if appli-cable and IE-1

Amount of Exemption to be entered in Schedule Part BTI in sr.no.10