Tax Liability of ITR-7 Filers Triples to Rs 1,043 Crore in 5 Years

Taxation

12 August 2026 at 2:16 am

Tax Liability of ITR-7 Filers Triples to Rs 1,043 Crore in 5 Years

HyperFast News

Summary

The tax liability for ITR-7 filers has tripled to Rs 1,043 crore in Assessment Year 2025-26 compared to five years ago, according to information shared with Parliament by the Minister of State for Finance. This increase highlights growing financial obligations for trusts, political organizations, and academic institutions.

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