New

May 20, 2023

Blog |

Explore GST

A Guide to Filing Statements of Donations for NGOs: Form 10BD

Form 10BD: Guide to Filing Donation Statements for NGOs

For an NGO, receiving donations comes with certain reporting responsibilities. If your organisation is approved under Section 80G, you may need to report the donations received during the financial year to the Income Tax Department.

This is done through Form 10BD.

Form 10BD is a statement of donations received by eligible trusts, institutions and NGOs. It helps report donor and donation details to the Income Tax Department.

But what exactly is Form 10BD? Who needs to file it? And what is the due date?

Let’s understand it in simple terms.

What Is Form 10BD?

Form 10BD is a statement that eligible organisations use to report details of donations received during a financial year.

It applies to trusts, institutions and NGOs approved under Section 80G. The requirement also covers specified reporting persons under Section 35(1A)(i).

The form mainly helps the Income Tax Department keep a record of donations reported by eligible organisations.

Know about Donations Eligible Under Section 80G

Form 10BD at a Glance

PARTICULAR	DETAILS
Form	Form 10BD
Purpose	Report donations received
Applicable to	Eligible trusts, institutions and NGOs
Due date	31 May
Related form	Form 10BE
Filing mode	Electronic

Refer Form 10BD-BE FAQs

Who Needs to File Form 10BD?

Form 10BD is required for a trust, institution or NGO approved under Section 80G when it receives donations covered by the reporting requirements.

The form has been applicable from FY 2021-2022 onwards.

One useful point is that if an organisation does not receive any donation during the financial year, Form 10BD is not required for that year.

What is the Due Date for Form 10BD?

The due date is 31 May immediately following the financial year.

FINANCIAL YEAR	FORM 10BD DUE DATE
FY 2025-26	31 May 2026
FY 2026-27	31 May 2027

What Details Are Required in Form 10BD?

Before starting the filing,keep your donation records ready.

The form includes basic information about the organisation and details of donors and donations. The Income Tax Department’s filing process has separate sections for basic information, donor and donation details and verification.

You may need details such as:

● Organisation PAN

● Financial year

● Donor name

● Donor address

● Donor identification details

● Donation amount

● Donation type

● Mode of receipt

● Verification details

Keeping these records updated throughout the year can make the filing much easier.

How to File Form 10BD?

The filing is done electronically through the Income Tax e-Filing portal.

Step 1: Log in

Step 2: Select Form 10BD

Go to:

e-File → Income Tax Forms → File Income Tax Forms

Search for Form 10BD and select the relevant financial year.

Step 3: Check Basic information

The organisation’s PAN, name, address and reporting period may be pre-filled. Check the information carefully before moving ahead.

Step 4: Add Donor and Donation Details

Enter the donor and donation details. For many entries, use the Excel file and upload it as a CSV.

Step 5: Verify the Form

Check the details and verify the form.

After successful verification, the Form 10BD filing is complete.

Refer Form 10BD-BE User Manual

Form 10BD vs Form 10BE

FORM	PURPOSE
Form 10BD	Reports donation details to the Income Tax Department
Form 10BE	Donation certification provided to the donor

After filing Form 10BD, the organisation can download the system generated Form 10BE and provide it to donors. The Income Tax Department states that Form 10BE can be downloaded after 24 hours from filing Form 10BD.

What Happens If Form 10BD is Filed Late?

A late filing may lead to extra charges. Not filing can also lead to a penalty. So, remember 31 May and file on time.

Know about Income Tax Rules

Can Form 10BD be Revised?

Yes. If an organisation finds an error after filing, it can submit a revised Form 10BD.

For example, corrections may be required for:

● Donor name

● Donor address

● Donation amount

● Other donation details

● Deletion of an incorrect entry

The Income Tax Department provides a process for submitting revised information through the portal.

Mistakes

A few simple checks can prevent unnecessary problems during filing.

1. Incorrect Donor Details

Always compare donor information with your original records.

2. Wrong Donation Amount

Make sure the amount matches your donation receipt and accounting records.

3. Missing Information

Check everything before submission.

4. Waiting Until the Deadline

Last minute filing can make it harder to identify and correct mistakes.

5. Forgetting Form 10BE

After filing Form 10BD, remember to download and provide Form 10BE to the donors.

Quick Form 10BD Checklist

Before filing, check:

● Organisation PAN

● Correct financial year

● Donor details

● Donation amounts

● Mode and type of donation

● All required fields

● Verification details

● Form submitted successfully

● Form 10BE downloaded and provided to donors

Conclusion

Keeping records clear and updated makes the process easier. Check all details carefully and keep your records safe. This helps reduce mistakes, avoid delays and prevent extra charges. A simple and organised approach can also save time and make your regular work easier.

Make your daily business work easier with Swipe Billing App

FAQs

1. Is Form 10BD Mandatory?

Yes. Form 10BD is mandatory for organisations covered by the applicable provisions when they receive reportable donations. It is filed electronically with the Income Tax Department.

2. What if Form 10BE?

Form 10BE is the donation certification provided to the donor. It is generated after the organisation reports the donation through the Form 10BD.

3. Is Form 10BD required if there are no donations?

No. According to the Income Tax Department, Form 10BD is not required if the organisation has not received any donation during the financial year.

4. When can Form 10BE be downloaded?

System generated Form 10BE can generally be downloaded after 24 hours of filing Form 10BD. The certificate should then be provided to the respective donor.

Featured Posts

ICICI Net Banking: Features, Benefits, Services & Login Process

Rule 114E: Key Highlights for Tax Compliance

RCM on Vehicle Hire Charges Under GST

Damaged, expired and lost stock adjustment under GST

ITC on CSR Expenses and Income Tax Treatment: Penalty for Non-Compliance

Import and Export under GST

GST on Under Construction Property: A Complete Guide

GST & HSN Code 6201 for Men's Overcoats and Car Coats: A Complete Guide

Featured Posts

You might also like

GST Treatment of Hostels: All You Need to Know

International Invoice Formats: How to Create Invoices for Global Business

GST Rates & HSN Code for Setts and Curbstones (HSN 6801)