These are also normally exempt under Section 10
Hence, these are not required to file return under Section 139 (1).
Hence, this Section 139 (4C) has been introduced which makes it compulsory for these all to file ITR if their income exceeds Basic Exemption Limit (without allowing exemption under Section 10)
The provisions of the Act would apply as if it were a return required to be furnished under section 139(1).
(Prescribed form is ITR 7)
Various Institutions Covered under this Section
(a) Research Association 10(21)
(b) News Agency 10(22B)
(c) Association or Institution 10(23A)
(d) Institution 10(23B)
(e) Fund or Institution 10(23C)(iv)
(f) Trust or Institution 10(23C)(v)
(g) University or other Educational Institution 10(23C)(vi)/(iiiad)
(h) Hospital or other Medical Institution 10(23C)(via)/(iiiae)
(i) Mutual Fund 10(23D)
(j) Securitisation Trust 10(23DA)
(k) Venture Capital Company / Venture Capital Fund 10(23FB)
(l) Trade Union 10(24)(b)
(m) Body or Authority or Board or Trust 10(46)
(n) Infrastructure Debt Fund
