Form 10BD For Trust & Research Institutes
CBDT came out with a Notification no. 19/2021 dated 26th March 2021. New notification is Applicable from the FY 2021-22. This notification is applicable to all Institution who registered u/s 80G and Research Institutes registered u/s 35 of THE INCOME TAX ACT. The Due date for filing the form 10BD is 31st May For the FY 2021-22.
1. What is Form 10BD ?
- Form 10 BD – In this form institute have to provide full details of the Donation received during the financial year, nature of donation, identity of donor, Amount of donation etc.
2. Why this form filing make compulsory?
- Government has noticed many wrong claims of donation by the assesse. There is no effective mechanism to trace correctness of the claim of the deduction u/s 80G/35 by the taxpayer (donor). In order to bring transparency to the system, the CBDT came out with a Notification no. 19/2021 dated 26th March 2021. This notification is applicable from FY 2021-22.
3. Who are liable to file Form 10BD?
- Form 10BD to be filed by specified institutions for the donations received during the year.
- Following institute are specified by the Government.
- statement of particulars required to be furnished by any research association, university, college or other institution or company or fund under:
- Clause (vii) of sub-section (5) of section 80G; or
- Under clause (i) to sub-section (1A) of section 35
Note – In simple words Every Registered Trust u/s 80G or u/s 35 are liable to file this form.
4. What Details are required to file in Form 10BD?
| Details | Remarks |
| Serial no | Sr no |
| Pre Acknowledgement number
|
Blank- if Original Form 10BD filed
It is compulsory for revised filing of form 10BD |
| ID Code | PAN/ADHAR to be written here
|
| Unique Identification Number | In above section if written PAN- than mentioned PAN number here. And if ADHAR than ADHAR number |
| Section Code | 80G, 35(1)(ii), 35(1)(iia), 35(1)(iii) |
| Unique Registration Number (URN) | Number of above Certificates i.e – 80G, 35(1)(ii), 35(1)(iia), 35(1)(iii) as Per Form no 10AC |
| Date of issue of URN | Date of issuance of above URN as mentioned in 10AC.
Enter date in DD/MM/YYYY format. |
| Name of Donor | Name to be mentioned as per UIN |
| Address of Donor | |
| Donation type | Corpus/Other/Specific |
| Amount of Donation | Only in Indian Rupees |
Note – This Excel file template is to be downloaded from the log-in of the Assessee. And after preparing this file it is be saved in CSV format, as only CSV format is valid for upload.
5. Any Penalty or late filing fees for non-filing or late filing of form 10BD?
As per Section 234G of the Income-tax Act, Rs. 200/- Per day has been late filing fees subject to maximum amount cannot be more than amount of donation received in financial year.
Form 10BE Certificate For The Donors
Now, Donors have to get Certificate in form 10BE from the institution for claiming deduction of donation. This provision are applicable from the financial year 2021-22.
What is Form 10BE?
- Form 10 BE – The certificate is generated on the basis of Form 10BD filed on the Income tax Portal. This certificate is to be provided by the specified institutes to the Donors who have given donation during the financial year.
Who will issue Form 10BE certificate?
- Once form 10BD filed by Institution, this certificate can be download by them and given to the every Donors.
What is requirement of Form 10BE?
- Donor cannot claim deduction u/s 80G or 35, if certificate of FORM 10BE not received from the institution to which donation has been given.
What is due date for Form 10BE?
- 31st May, 2022 is the last date for the financial year 2021-22. And for every next financial year 31st may is the due date.
What happen if specified Institute have not filed Form 10BD?
- If specified Institute have not filed the form 10BD, then certificate of form 10BE will not generate. Ultimately Donor cannot claim the deduction of donation u/s 80G or 35.
What is the penalty for FORM 10BE?
- There is no penalty if donor have no Form 10BE. But Donor cannot claim the deduction of donation made to specified institute.
Author Bio
What happens if the NGO does not have ID number of all donors? How to upload for Form 10BD for such donors who are not giving their document?
Please update Sl.no.3 for “Following institute are specified by the Government”, which seems to be incomplete. Thank you.