What is Form 10BD (Statement of Donations)?
Form 10 BD is a Statement of Donations to be filed by the all institutions having approval under section 80G and furnish the particulars of the donations received. The Form 10BD along with Form 10BE was introduced in the Finance Act 2021, by amending Section 80G of the Income Tax Act.
What is Form 10BE (Certificate of Donations)?
Form 10BE is required to be filed by all institutions having approval under section 80G to acquire the Donation Certificate. Certificate of donation, so downloaded needs to be given to the donor. Form 10BE can be filed after filing Form 10BD.
Due date for Filing Form 10BD
The Due date for filing the Statement of Donations in Form 10BD for the Financial Year 2021-22 is 31st May 2022.
Late filing Fees for Form 10BD
- A late fee of INR 200 per day shall be levied under the Income Tax Act, 1961 for each day of delay in filing Form 10BD.
- After filing form 10BD, a certificate shall be made available on the IT Portal that needs to be provided to the donor on or before the due date i.e. 31st may in the next financial year of which the donation is received.
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