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?