Annual Filing Of Statement Of Donations Received In Form 10BD

Section 80G(5) has been amended to provide for electronic filing of Annual Return of donations in Form 10BD received in any financial year beginning from 2021-22. It also provides for downloading of Certificate of Donations in Form 10BE to be issued to each donor. This is similar to the e-filing of TDS returns and generation of TDS certificate from IT portal .

These Returns and certificate have to be submitted by 31st of May immediately following the respective F.Y. So for the financial year 2021-22 it has to be submitted by 31st May 2022. Failure to do so will attract late fee of Rs.200 per day and penalty of Rs.10,000 to Rs.1,00,000.

Related details w.r.t. Donor and Donee will be auto reflected in Donor’s ITR/ 26AS, which is a pre-condition to avail deduction u/s 80G.
Information to be maintained by the Charitable Institution from 01.04.2021 for each donor
a) Name of the Donor
b) Identification number i.e. PAN or AADHAAR –
c) Address of the Donor
d) Type of Donation – Corpus / Specific Grant / Others
e) Amount of Donation
f) Mode of receipt – Cash /Kind /Electronic Modes / Others
g) Section under which Donor is allowed to claim deduction – 80G/35 (1)

Charitable institutions need to customize their present information / accounting system so that the list of donations can be generated from the present system for each nature of donation, donor wise so that correct reporting can be done.

Returns of Donation filed in Form 10BD once filed can be revised to make any corrections . However timely compliance of accurate particulars should be ensured otherwise the donor may have issues in claiming the deduction in his ITR.