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The Economic Times

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Tax liability of ITR-7 filers triples in 5 years to Rs 1,043 crore

In a significant financial shift, the tax burden for ITR-7 filers has climbed to Rs 1,043 crore in the Assessment Year 2025-26, a figure that is about threefold compared to five years back. This information, shared with Parliament by the Minister of State for Finance, highlights the growing obligations faced by trusts, political organizations, and academic institutions submitting ITR-7.

11 Aug 2026 4:55 pm