Charitable trusts and institutions that receive donations eligible for deduction under the Income-tax Act must comply with an important reporting requirement called Form 10BD.
This form ensures greater transparency in donation reporting and helps the Income-tax Department verify deductions claimed by donors.
📌 What is Form 10BD?
Form 10BD is an annual statement of donations filed by certain charitable or eligible institutions with the Income-tax Department.
It captures donor-wise details of donations received during the financial year.
The objective is to enable system-based verification of deductions claimed by donors under Section 80G and other relevant provisions.
👥 Who Must File Form 10BD?
The requirement applies to institutions such as:
✔ Charitable trusts registered under Section 12A / 12AB
✔ Institutions approved under Section 80G
✔ Research institutions eligible under Section 35
✔ Universities, hospitals or other notified funds receiving eligible donations
📋 Information Reported in Form 10BD
The form requires detailed reporting, including:
🔹 Name and PAN of the institution
🔹 Approval / registration details
🔹 Name of donor
🔹 PAN / Aadhaar of donor
🔹 Address of donor
🔹 Amount of donation
🔹 Mode of payment
🔹 Nature of donation (corpus / specific / general)
📅 Due Date
The statement must be filed on or before 31 May of the following financial year.
Example:
Donations received during FY 2025-26 → Form 10BD due by 31 May 2026
📜 What Happens After Filing?
Once Form 10BD is filed, the institution must issue Form 10BE to donors.
Form 10BE serves as the certificate of donation, enabling donors to claim deduction under Section 80G while filing their income-tax return.
⚠️ Consequences of Non-Compliance
Failure to file Form 10BD may attract penalty under Section 271K, ranging from:
💰 ₹10,000 to ₹1,00,000
In addition, donors may face difficulty claiming tax deduction.
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