Form 10BD Compliance for FY 2024-25 – What Charitable Institutions Must Know
Introduction
With the growing emphasis on transparency and accountability in the charitable sector, Form 10BD plays a crucial role in ensuring donors can claim the correct tax benefits under Sections 80G and 35 of the Income Tax Act. For Financial Year 2024-25, all NGOs and institutions receiving donations must gear up for timely Form 10BD filing before the due date of 31st May 2025.
What is Form 10BD?
Form 10BD is a statement of donations received, to be filed electronically by charitable institutions or research associations registered under:
– Section 80G (for general donations),
– Section 35(1)(ii)/(iii) (for scientific or social research).
It lists donor-wise details so that the Income Tax Department can validate and reflect deductions in the donors’ Form 26AS/Annual Information Statement (AIS).
Details Required in Form 10BD
| Field | Description |
| Donor’s Name | As per PAN or Aadhaar |
| Unique Identification | PAN / Aadhaar Number (mandatory) |
| Donation Amount | Total donation received during FY |
| Donation Type | Corpus / Specific grant / Others |
| Mode of Receipt | Cash / Electronic / Cheque, etc. |
| Section Claimed | 80G / 35(1)(ii)/(iii) |
Due Date & Penalty
– Due Date: 31st May 2025 for FY 2024-25
– Form 10BE (Donation Certificate): Must be issued to donors after filing Form 10BD
Non-compliance attracts penalties:
– ₹200 per day of delay (u/s 234G)
– Penalty ranging from ₹10,000 to ₹1,00,000 (u/s 271K)
Compliance Checklist for NGOs
✔ Ensure registration under 80G/35 is active
✔ Maintain accurate donor records with PAN/Aadhaar
✔ File Form 10BD by 31st May 2025
✔ Issue Form 10BE to all eligible donors
✔ Avoid last-minute rush – complete filings early
Need Help?
If you’re an NGO or a charitable trust and need assistance in preparing and filing Form 10BD or issuing Form 10BE, our team at Kunal Kapoor & Associates is here to help. We ensure end-to-end compliance with all tax reporting requirements.
Let us handle your Form 10BD filings so you can focus on making a bigger impact.
