Form 10BD

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Jayasurya B (Querist)
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28 May 2024 If a trust, such as an educational foundation, receives a donation in the form of cash from a private limited holding company as part of its Corporate Social Responsibility (CSR) activities in India, and it has been utilized for the objectives of the company. Whether Form 10BD Need to file or not. it is sufficient to file form 10BB only. Kindly clarify it.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 May 2024 No need for filling 10BD in such a case.
It's applicable for 80G donations.

PARAS CHHAJED

PARAS CHHAJED

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31 May 2024 If the educational institution is holding approval u/s 80G then it needs to file Form No. 10BD in respect of all donations to enable the donor claim deduction u/s 80G. Though the donation made by a company to comply with the CSR is not an allowable expenditure while computing business income but the company may claim a deduction u/s 80G

Jayasurya B

Jayasurya B (Querist)
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31 May 2024 Thank you 💯 @ Paras sir

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