Annual Return and ITR Filing
Annual Return and ITR Filing for Trusts/NGOs
- Financial Statement of the Trust/NGO should be audited in the relevant assessment year in which its total income of the financial year without giving effect to the provisions of section 11 and 12, exceeds the Basic Exemption limit of that financial year.
- Institution claiming exemption under the provisions of section 11 of the Income-tax Act 1961 are required to file their returns of income on or before due date. If the Institution does not file the return of income as required by section 139(4A), it loses its exemption of Section 11 of Income Tax Act 1961.
- Trust whoever claim section 11 of the Income Tax act need to file ITR 7
Consequences of Late or Non-Filing
Loss of Tax Exemption: If ITR is not filed within the time specified under Section 139(4A), exemption under Section 11 cannot be claimed.
Penalties:
₹1,000 to ₹10,000 under Section 234F
Interest under Sections 234A, 234B, and 234C
Notice and assessment under Section 143(2) or 147
Our Fund Raising Platform
Required Documents for Filing
Audited financial
statements
Audit Report in
Form 10B
Trust Deed/Registration
Certificate
12A & 80G Certificate
copies
PAN of the
Trust
Details of activities
and donations
testimonials
What People Say About Us
"Exceptional Service & Expertise!"
The Rule Infinity has been a game-changer for my business. Their expert guidance on taxation and compliance helped us streamline our processes efficiently. Highly recommend their services!
The Rule Infinity has been a game-changer for my business. Their expert guidance on taxation and compliance helped us streamline our processes efficiently. Highly recommend their services!
Arun R
Business Owner
"Expert Guidance on FCRA Compliance"
We know a diverse workforce and an inclusive culture matters to our clients. Through philanthropy and employee volunteerism, we support the diverse communities where our employees live.
We know a diverse workforce and an inclusive culture matters to our clients. Through philanthropy and employee volunteerism, we support the diverse communities where our employees live.
Kalaivani M
NGO Founder
"Seamless GST Filing Experience"
The Rule Infinity made my GST filing process effortless. Their attention to detail and proactive approach saved me from unnecessary penalties. Highly recommended!
The Rule Infinity made my GST filing process effortless. Their attention to detail and proactive approach saved me from unnecessary penalties. Highly recommended!
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Retail Business Owner
"Perfect for Small Businesses"
Managing accounts and taxes was overwhelming until we partnered with The Rule Infinity. Their expert guidance has been a huge relief for our small business.
Managing accounts and taxes was overwhelming until we partnered with The Rule Infinity. Their expert guidance has been a huge relief for our small business.
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Textile business Owner
"Highly Knowledgeable Team"
I have consulted them multiple times for tax-related queries, and their in-depth knowledge has always impressed me. A must-have consultant for any business!
I have consulted them multiple times for tax-related queries, and their in-depth knowledge has always impressed me. A must-have consultant for any business!
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Independent Consultant"Highly Knowledgeable Team"
I have consulted them multiple times for tax-related queries, and their in-depth knowledge has always impressed me. A must-have consultant for any business!
I have consulted them multiple times for tax-related queries, and their in-depth knowledge has always impressed me. A must-have consultant for any business!
Sandeep N
Independent Consultant
"Prompt & Efficient Solutions"
Their team responds quickly and resolves issues without any hassle. Whether it's GST returns or payroll compliance, they make things easy for us.
Their team responds quickly and resolves issues without any hassle. Whether it's GST returns or payroll compliance, they make things easy for us.
Shruthi R
HR Manager
"Trustworthy Business Partner"
From company registration to regular compliance, they’ve been with us every step of the way. Their expertise has helped our company grow without legal worries.
From company registration to regular compliance, they’ve been with us every step of the way. Their expertise has helped our company grow without legal worries.
Manoj T
CEO"Professional & Transparent Services"
They provide clear guidance on tax and compliance matters. No hidden charges, no unnecessary delays—just professional and reliable service!
They provide clear guidance on tax and compliance matters. No hidden charges, no unnecessary delays—just professional and reliable service!
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Freelancer"Great Support for Startups"
As a startup founder, I needed the right financial guidance. The Rule Infinity helped me with business registration, tax planning, and financial structuring. Highly recommended!
As a startup founder, I needed the right financial guidance. The Rule Infinity helped me with business registration, tax planning, and financial structuring. Highly recommended!
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Startup Founder"Hassle-Free Compliance Management"
Before working with The Rule Infinity, compliance was a nightmare. Now, our tax filings and legal formalities are handled efficiently, giving us peace of mind.
Before working with The Rule Infinity, compliance was a nightmare. Now, our tax filings and legal formalities are handled efficiently, giving us peace of mind.
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Small Business Owner"Value for Money Services"
Their pricing is reasonable, and the quality of service is top-notch. They genuinely care about their clients and provide the best financial solutions.
Their pricing is reasonable, and the quality of service is top-notch. They genuinely care about their clients and provide the best financial solutions.
Rohit D
E-commerce Seller
