Under Section 10BD of the Income Tax Act, 1961, certain income of specified institutions (like trusts, societies, and NGOs) is exempt from tax. However, Form 10BD is not a return but a certificate issued by the institution to donors for tax exemption claims under Section 80G.
Key Points on Form 10BD (for Trusts/Societies in FY 2024-25)
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Who Issues Form 10BD?
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Registered trusts, societies, or NGOs approved under Section 80G(5)(vi) must issue Form 10BD to donors who contribute ₹2,000 or more in a financial year.
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Due Date for Issuing Form 10BD
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31st May 2025 (for donations received in FY 2024-25)
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Filing Form 10BE (Report to IT Dept)
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The institution must also file Form 10BE (details of donations) on the Income Tax Portal.
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Due Date: 31st May 2025
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Penalty for Non-Compliance
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Failure to issue Form 10BD or file Form 10BE may attract a penalty of ₹200 per day (maximum ₹1 lakh).
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Difference Between Form 10BD & ITR
| Aspect | Form 10BD | ITR (Form ITR-7) |
|---|---|---|
| Purpose | Certificate for donors (80G) | Income Tax Return |
| Who Files? | Trust/Society (to donor) | Trust/Society (to IT Dept) |
| Due Date | 31st May 2025 | 31st July/Oct 2025 |
Action Steps for Trusts/Societies in 2025
✅ Issue Form 10BD to eligible donors by 31st May 2025
✅ File Form 10BE on the Income Tax Portal by 31st May 2025
✅ File ITR-7 by 31st July/Oct 2025 (depending on audit requirement)
Would you like help with the format of Form 10BD or steps to upload Form 10BE?