All trusts/institutions registered u/s 80G and research institutes registered u/s 35 of The Income Tax Act are now mandated to file Form 10BD (providing therein complete details of donations received by them during the financial year in the prescribed format) from FY2021-22 onwards.
After filing Form 10BD the aforesaid entities have to download and issue Form 10BE (Donation Certificates generated through Income Tax portal) to each donor from whom they have received donations.
The deduction u/s 80G for donations made to trusts/institutions can be claimed in the income tax return only if you have the certificate in Form 10BE.
The last date for filing form 10BD by the donee entities is 31st May following the end of the financial year in which donations have been received.
Disclaimer
The Blogs published in this website are for educational purposes only. It is meant to give you a general information and a general understanding of the topics discussed therein and not to provide you or any person any professional advice thereof. By using this website you understand that there is no professional relationship between you and Mundle Venkatraman and Associates (MVA) or with any of its partners, associates or employees. Any information available on this website should not be used as a substitute for competent professional advice.
Terms of Use28th March, 2023
By: Mr. Prasanna Ravikant Bhat
7th February, 2023
Profession tax enrollment and registration - Applicability in Maharashtra State
By: Mr. Prasanna Ravikant Bhat
19th March, 2021
Foreign Contribution (Regulation) Amendment Act, 2020 ("FCRA 2020")
16th December, 2020
Using file systems to enhance performance of Income Tax Business Application (ITBA)
17th December, 2019
Income Tax Compounding Fees - 276CC Offences - Nonfiling of returns
13th November, 2019
American Institute of Certified Public Accountants 
Association of Chartered Certified Accountants 
Chartered Institute of Management Accountants 
Federal Reserve Board of USA 
Indian GST FAQs 
Indian Income Tax 
Information System Audit and Control Association 
Institute of Chartered Accountants of England and Wales