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2) In view of Section 12, income in the form of voluntary contributions received by a trust created wholly for charitable or religious purposes or by an institution established wholly for such purposes shall also be exempt from tax (subject to certain conditions).
In case the Trust is required to file income tax return mandatorily under Sections 139(4A) or139(4B) or 139(4C) or 139(4D) or 139(4E) or139(4F) of the Income Tax Act, then ITR 7 must be filed. It is mandatory for all trusts to e-file income tax return.
An organization that normally has $50,000 or more in gross receipts and that is required to file an exempt organization information return must file either Form 990, Return of Organization Exempt from Income TaxPDF, or Form 990-EZ, Short Form Return of Organization Exempt from Income TaxPDF.
Filing a Complaint They can be sent via: Mail to IRS EO Classification, Mail Code 4910DAL, 1100 Commerce St., Dallas, TX 75242-1198, Fax to 514-413-5415, Email to eoclass@irs.gov, or ? Telephone by calling the TE/GE toll-free number: 877-829-5500.
The return of income must be furnished in Form No. ITR-7 and verified in the prescribed manner containing all the prescribed particulars. Such return of income must be furnished by the representative assesse within the time prescribed under section 139(1) electronically under digital signature or otherwise.