How to File Form 10BD Online

Introduction

To improve transparency and prevent misuse of donation-related tax benefits, the government has introduced Form 10BD under the Income Tax Act. This form is mandatory for all eligible charitable institutions, including trusts, schools, colleges, and universities, to report complete details of donations received. Accurate filing of Form 10BD is essential to ensure compliance with income tax regulations and to avoid penalties for incorrect or delayed reporting.

At Auriga Accounting, we provide expert assistance for Form 10BD filing, ensuring accurate preparation and timely submission. Our experienced team helps educational institutions and charitable organizations stay fully compliant with the latest Income Tax Act requirements while managing their donation reporting with ease.

With our professional support, you can streamline the entire Form 10BD filing process, maintain proper records, and ensure complete regulatory compliance without any hassle.

Form 10BD Under Income Tax Act Explained

Under Section 80G of the Income Tax Act, 1961, donations made to eligible trusts and charitable institutions qualify for tax deductions. To improve transparency and prevent incorrect or fraudulent deduction claims, the Finance Act, 2021 introduced a mandatory requirement for organizations holding an 80G certificate to furnish a statement of donations received in Form 10BD every year.

This statement must be filed within the prescribed due date as per income tax regulations. Failure to comply with this requirement may lead to penalties and additional consequences under the Income Tax Act.

The primary objective of introducing Form 10BD is to ensure accurate reporting of donations, enhance transparency in tax claims, and create a more accountable donation reporting system for charitable institutions.

Information Required for Form 10BD Filing

While filing Form 10BD, charitable institutions and eligible entities are required to furnish accurate details of each donation received. The following information must be reported:

Donor ID and Statement Number: Unique identification details for tracking and reporting purposes.
Donor Identification Details: PAN, Aadhaar number, Passport, Driving License, or any other valid identification number of the donor.
Donor Address: Complete residential or official address of the donor.
Donor Name: Full name of the individual or entity making the donation.
Section Code: Applicable Income Tax section under which the donation is reported (e.g., Section 35(1)(i), 35(1)(ii), 35(1)(iii), etc.).
Mode of Receipt: Method through which the donation was received, such as cash, cheque, bank transfer, draft, or kind.
Type of Donation: Classification of donation including corpus, specific, restricted grant, or other categories.
Donation Amount: Total value of the donation received.

Providing accurate and complete details in Form 10BD is essential for ensuring compliance under the Income Tax Act and maintaining transparency in donation reporting.

Applicability of Form 10BD Under Income Tax Act

Every organization recognized as a charitable institution, including trusts, colleges, schools, universities, and research institutions, is required to file Form 10BD under the Income Tax Act. This reporting requirement applies to entities that receive donations and claim benefits under specified provisions of the Act.

In particular, this requirement is applicable to organizations whose funds are covered under sections such as:

Section 35(1A)(i) of the Income Tax Act
Section 80G(5)(viii) of the Income Tax Act

Filing Form 10BD is essential to ensure compliance with income tax regulations and to maintain transparency in the receipt and utilization of donations. It also helps in accurate reporting and reduces the risk of penalties for non-compliance.

Form 10BD Due Date Under Income Tax Act

The due date for filing Form 10BD for the Financial Year 2023–24 is 31st May 2024. This means that all eligible trusts, charitable organizations, and institutions are required to submit their annual statement of donations in Form 10BD on or before 31st May of the immediately following financial year in which the donations were received.

Timely filing of Form 10BD is essential to ensure compliance with the Income Tax Act, avoid penalties, and maintain proper transparency in donation reporting.

Consequences of Delay in Form 10BD Filing

Late Filing Fee:
Failure to submit the statement of donations in Form 10BD within the prescribed due date will result in additional fees and penalties. As per Section 234G of the Income Tax Act, a late fee of ₹200 per day is applicable for every day of delay until the return is filed.

Additional Penalties:
In addition, under Section 271K of the Income Tax Act, non-filing or incorrect filing of Form 10BD may attract a penalty ranging from a minimum of ₹10,000 to a maximum of ₹1,00,000.

Timely filing of Form 10BD is therefore essential to avoid financial penalties and ensure full compliance with income tax regulations.

Online Procedure for Filing Form 10BD Explained

As per the latest rules, Form 10BD must be filed electronically through the official Income Tax Department portal using the prescribed online utility. The form must be verified and digitally signed by the authorized person of the reporting entity to complete the filing process.

Once Form 10BD is successfully filed, the charitable organization is required to generate and issue a Certificate of Donation in Form 10BE to the respective donors. This certificate serves as valid proof of donation and enables donors to claim tax benefits under Section 80G or Section 35 of the Income Tax Act, 1961, as applicable.

Timely and accurate filing of Form 10BD ensures compliance with income tax regulations and supports smooth processing of donor tax deductions.

Easy Form 10BD Filing Services with Auriga Accounting

At Auriga Accounting, we simplify the entire Form 10BD filing process and ensure a smooth, accurate, and hassle-free compliance experience for charitable organizations and institutions.
Our services include:
Expert Consultation: Our tax professionals guide you through the complete Form 10BD process, helping you understand compliance requirements, applicable rules, and important deadlines under the Income Tax Act.
Data Collection and Verification: We assist in collecting and verifying all necessary details, including donor information, donation amounts, and other mandatory particulars to ensure accuracy.
Electronic Filing: We manage the end-to-end online filing of Form 10BD through the Income Tax Department portal, ensuring timely and error-free submission.
Issuance of Form 10BE Certificate: After successful filing, we help generate and issue the Form 10BE Certificate of Donation, which must be provided to donors for claiming tax benefits.
Compliance Assurance: Our team ensures complete compliance with Income Tax regulations, reducing the risk of errors, penalties, and delays.
Contact Auriga Accounting today to streamline your Form 10BD filing process and ensure full compliance with the Income Tax Act while focusing on your organization’s core activities.

About the Author

Ravi

Ravi is an expert legal writer who simplifies complex laws into practical, easy-to-understand insights. He helps entrepreneurs navigate their legal responsibilities, empowering them to build confident, compliant, and sustainable businesses.