Wednesday, September 8, 2021

The Compilation of statement required for Form 10BD for Donation received by Charitable Organisation


Filing of Statement of donations in Form 10BD is now mandatory for Charitable Organisations for allowing deduction for donations under sec 80G to the donors.

As per Notification No. 19/2021 [F. No. 370142/4/2021-TPL] / GSR 212(E) dated 26 March 2021, the entities having approval u/s 80G (5) and u/s 35(1) of the Income Tax Act,1961 requires to furnish a statement of Donations received by them wef  1st April, 2021.

Filing of Statement of donations (in Form 10BD) is mandatory for donations received during financial year 2021-22 is to be filed once for the whole year by 31st of May 2022.

Form 10BD shall be e filed by organizations using the digital signature of a person authorized to sign the return of income or through e-verification code (EVC)

The following information is required for filing the statement in prescribed format:

Therefore the done entity should maintain the following details of Donors


Name of the Donor as per PAN card and PAN No. (Mandatory)


Latest address of Donor as per ID proof Aadhar or Income tax records


Amount, Section code, Type and mode of Donation received


Instructions to fill Section Code


After filing  Form 10BD, the reporting entity should download and issue Certificate of Donations in Form 10BE containing the details of reporting entity like PAN , Name of the entity, address of entity receiving the donation, approval numbers u/s 80G & 35(1) and amount  to be issued by 31st May 2022.

Therefore for donor it is not just sufficient to have a donation receipt, but to obtain a certificate of donation in Form 10BE after the end of the financial year for his claim of deduction.

Corrections in Form 10BD

In case of any errors or mistakes in Form 10BE, it may be rectified and hence additions, deletions, or modifications are possible.

Consequences for  Non Compliance for defaults

a)       The  delay to File 10 BD in time will attract a fee of Rs.200/- per day of delay as per newly inserted section 234G.

b)      The failure to file such statement will also attract penalty u/s 271K of not be less than Rs.10,000/- and which may extend up to Rs.1,00,000/-