Form 10BD, SECTION 80G


This query is : Resolved 

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Form 10BD is mandatory for NGOs. If donations are received in the NGO's bank account from unknown donors, this information should not be filed in Form 10BD. Instead, such donations are treated as anonymous and are subject to a 30% tax. Form 10BD and the associated process are specifically for Section 80G deductions.

15 May 2022 DEAY SIR AS PER MY KNOWLEDGE, FORM 10BD IS MANDATORY
MY QUERY IS-
1. IF SOMEONE PAY IN NGO'S BANK ACCOUNT AND NGO NOT KNOW ABOUT PAYEE, THEN WHAT INFORMATION IS FILE IN FORM 10BD ABOUT THIS UNKNOWN DONNER ?
2. MY ANOTHER QUERY THAT THIS IS ONLY PURPOSE FOR 80 G DEDUCTION OR ANY OTHER PURPOSE?

16 May 2022 1 No information will be filed. This amount is subject to 30% tax.
2 It's for 80G deduction purpose.

18 May 2022 SIR OUR ORGANIZATION RECEIVED SOME DONATION FROM UNKNOWN PERSON, IN THIS SITUATION HOW TO FILE ABOVE FORM

19 May 2022 Such donation need not be included in the form.
Treat it as ananemous donation and pay 30% tax.


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