Form 10BD

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This discussion clarifies whether Form 10BD needs to be filed when a trust, like an educational foundation, receives a cash donation from a private limited company for CSR activities in India. While CSR donations aren't deductible as business expenditure, the donor company might claim a deduction under Section 80G. The consensus is that if the educational institution holds Section 80G approval, Form 10BD must be filed for all donations to enable donors to claim their deduction, even if the donation itself is CSR-related.

Jayasurya B

Jayasurya B (Querist)

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)

29 May 2024 No need for filling 10BD in such a case.
It's applicable for 80G donations.

PARAS CHHAJED

PARAS CHHAJED

(Expert)

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)

31 May 2024 Thank you 💯 @ Paras sir

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