Minister of State for Finance Pankaj Chaudhary informed Parliament that total income tax liability for entities filing under the ITR-7 category expanded threefold over the past five fiscal years, reaching Rs 1,043 crore.
The ITR-7 filing format applies to non-profit entities, charitable trusts, political parties, and research institutions claiming tax exemptions. Government records attribute the increase to expanded compliance monitoring and automated audit systems.
Tax authorities continue to refine digital verification mechanisms to streamline institutional returns and monitor statutory tax compliance.
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Sources:
https://www.thehindu.com/news/national/itr-tax-liability-rises