Organisations with an 80G (10AC) certificate can accept donations, allowing donors to claim tax exemptions under section 80G. The donee (recipient) must issue a donation receipt and file their Income Tax Return (ITR) using Form ITR-7. Additionally, they need to file Form 10BD, a statement of donations, by the specified deadline.
05 April 2022
Those who have 80G (10AC) certificate can take the donation and donor will get the exemption u/s 80G. What donee has to do? Has he needs to file any return with donors details?