The CBDT Notification 19/2021 dated 26th March, 2021 notified that a statement in Form 10BD is required to be submitted by all the entities registered under section 80G and Section 35(1) of the Income Tax Act. Post filing of the statement in Form 10BD a certificate in Form 10BE is required to be issued to the respective donor.
Following details are required in order to file Form 10BD;
Name of donor.
Address of donor.
Nature of donation.
Mode of receipt.
Amount of donation.
Section code under which donation was received.
PAN no. /Aadhar no./Tax Identification no. of the donor.
Along with the above donor specific details Unique Registration Number (URN) of the organization and the date of issue of URN is also required to be filled in Form 10BD. URN is a unique registration number of approval under the respective sections and can be obtained from Form 10AC.
Form 10BD is required to be submitted online through Income Tax Portal like any other income tax form and is available under the Tab “E File” – “Income Tax Forms”-“Form 10BD”. The complete filing procedure is simple and online.
Form 10BD filed online can be e-verified with the help of various e-filing options available on the Income Tax Portal. One the form is submitted successfully the same can be downloaded form “View Filed Forms” option under the E-file Tab.
Further on successful filing of Form 10BD a certificate in Form 10BE will be generated and can be downloaded from view filed forms option. The certificate in Form 10BE is donor specific and it can be downloaded in PDF format and same has to be furnished to to all the donors who were listed in Form 10BD. The donors can use the certificate for claiming the deduction under section 80G.
The due date for filing Form 10BD and Issuance of Certificate in Form 10BE is 31st May of the relevant assessment year. For instance due date for the FY 2021-22 will be 31st May.
If for any reason, the organization fails to comply with the above provisions to file Form 10BD within the stipulated time, a penalty of Rs. 200 per day of non-compliance will be levied u/s 234G of the Income Tax Act.
Click the below link to download the notification;
https://incometaxindia.gov.in/communications/notification/notification_19_2021.pdf