HTTP Error 404.3 - Not Found
The page you are requesting cannot be served because of the extension configuration. If the page is a script, add a handler. If the file should be downloaded, add a MIME map.
what could be the reason of this error for the WCF service hosted on IIS 7.
Answered here
Please make sure you've activated WCF components from here.
Or alternate and easy way is, go to control panel -> Turn Windows feature on or off -> and make sure you've all the options ticked as mentioned in below screenshot.
Run from cmd:
%windir%\Microsoft.NET\Framework64\v4.0.30319\aspnet_regiis.exe -ir