Deadline for Form 10BD submission for NGO’s

Form 10BD is a statement of donations containing the details of donations which was received by the Charitable Organizations during the financial year. The form will be filed by the recipient organizations electronically and is required to be filed once a year.

The last date for filing the form for financial year 2021-22 is 31st May, 2022

Consequences of non-filing of Form 10BD

The reporting entity id mandated to comply with the filing of Form 10BD and failure to comply will attract a fee of Rs. 200/- per day of delay as per new inserted section 234G. Apart from the fee for delay in furnishing statement of donation in Form 10BD, failure to file such statement will also attract penalty u/s 271K, which shall not be less than Rs. 10,000/- but may extend up to Rs. 1,00,000/-

With the introduction of Form 10BD, it is now crucial for the donor to not only obtain a donation receipt but also Certificate of Donation in Form 10BE in order to claim deduction.

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