FORM 10 BD
This query is : Resolved
pawan bahl
(Querist)
16 May 2022
DONATIONS RECEIVED BY TRUST FROM PERSONS HAVING NO ID PROOF WHETHER THE SAME TO B FILLED IN FORM 10BD. IF YES THEN UNDER ID COLUMN WHAT TO B FILLED.
TOTAL DONATIONS RECEIVED ARE 60 LACS OUT OF WHICH 15 LACS ARE HAVING PAN AND OTHER ID. THERE IS ALSO HUGE DIFF IN DONATIONS FROM ID PERSONS AND NON ID PERSONS I.E. 45 LACS FROM NO ID PERSONS.
IT IS CHAIRATBLE TRUST.
PL GUIDE.
TOTAL DONATIONS RECEIVED ARE 60 LACS OUT OF WHICH 15 LACS ARE HAVING PAN AND OTHER ID. THERE IS ALSO HUGE DIFF IN DONATIONS FROM ID PERSONS AND NON ID PERSONS I.E. 45 LACS FROM NO ID PERSONS.
IT IS CHAIRATBLE TRUST.
PL GUIDE.
CA R SEETHARAMAN
(Expert)
16 May 2022
As per the Indian Income Tax Authority Rule, a donor is required to enter PAN for donations of and above ₹50,000 mandatorily.
No need to fill such a person in form 10BD.
30% tax payable on such donation considering it as ananemous donation.
No need to fill such a person in form 10BD.
30% tax payable on such donation considering it as ananemous donation.
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