Form 10BD Statement & Certificate of Section 80G Donation

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The Income Tax Budget, Company Law, Excise, Customs, Goods and Services Tax, Chartered Accountancy, Company Secretary, Certified Management Accountant, Directorate General of Foreign Trade, Reserve Bank of India, Securities and Exchange Board of India, and Financial Corporation Law all have a User Menu for Income Tax Articles. This form provides a way to validate the accuracy of donations paid in the previous financial year.

form 10bd

Form 10BD filing services in Ahmedabad

The income tax department previously had the option of permitting deductions based on the assessee’s statement or the donation receipt they presented. However, the Central Board of Direct Taxes (CBDT) has recently issued Form 10BD and Form 10BE, through Notification No. 19/2021 dated 26th March, 2021, to enhance transparency and accuracy when verifying the deductions claimed by the assessee and the donations received by charitable organizations.

Form 10BD filing services in Ahmedabad


Form 10BD is a document that outlines the donations that Charitable Organizations have received during the financial year.

Form 10BD filing services in Ahmedabad

Procedure and time limit for filing form 10BD

Organizations who receive donations must submit the form electronically, with an authorized person’s digital signature. Alternatively, it can be submitted using an Electronic Verification Code. This form should be filed annually, and the deadline for the 2021-2022 financial year is May 31st, 2022.

Details for filing form 10BD

Every charitable organization must obtain necessary information from donors when receiving donations and keep a record of it. The details needed to complete the form are listed below.

Name of the donor

PAN/ Aadhaar number/ Tax Identification Number of the Donor 

Address of the donor 

Nature of donation 

Mode of receipt

Amount of donation

Form 10BD filing services in Ahmedabad

Issuance of certificate of donation

Following the filing of the statement of donations in Form 10BD, the Charitable Organization must download and provide the Certificate of Donation in Form 10BE. This certificate must include information such as the name of the organization, PAN, address, approval number under sections 80G and 35(1) as well as details of the donations and the donor. For the 2021-22 financial year, Form 10BE must be issued by May 31st, 2022.

Procedure for correction of error in Certificate of Donation

If any unintentional errors or mistakes are made in Form 10BE, it is possible to fix them by submitting a correction form (resubmitting Form 10BD with the necessary corrections).

Consequences of non-filing of Form 10BD

The entity responsible for filing Form 10BD must adhere to the regulations, or else a fee of Rs. 200 will be applied for each day of tardiness, according to the newly added section 234G. In addition to the penalty for being late in submitting the Form 10BD, neglecting to file the form will also lead to a penalty of no less than Rs. 10,000 but could reach up to Rs. 1,00,000 under section 271K.

It is essential for the donor to obtain both a donation receipt and a Certificate of Donation in Form 10BE in order to claim a deduction, since the introduction of Form 10BD.

FAQs on Form 10BD Filing

Form 10BD is a mandatory document that must be submitted electronically using Digital Signature Certificate (DSC) or Electronic Verification Code (EVC), which records donations received in accordance with section 80G(5)(viii) and section 35(1A)(i).

Furthermore, the current Form 10B can still be utilized by lesser public charitable trusts with total income below Rs. 2 crores. Taking into consideration that the audit of a number of trusts for the financial year 2018-19 has already been finalized, the revised Form 10B should be implemented from AY 2020-21 onwards.

The amount of compensation that a worker is allowed to be exempt from under this provision is specified in Section 10(10B) of the Act and includes any compensation received under the Industrial Disputes Act, 1947, any related Act, Rules, orders, standing orders, awards, contracts, or services.

According to Rule 10B(I)(iii) of the IT Rules, an uncontrolled transaction can be viewed as similar if the differences between the comparable companies and the controlled transaction are unlikely to significantly affect the profit that would be earned through such transactions in the open market.

Rule 10b5-1 was designed to enable corporate executives to trade in the enterprise’s stock without violating insider trading laws. This kind of trading can be defended by establishing a plan before the transaction that details what kind of trades the insider is going to make.