Trust received donation u/s 12AB Registed

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This query is : Resolved

Quick Summary

A trust registered under Section 12AB received donations and obtained exemption under Section 80G. However, they failed to file Form 10BD, and consequently, the donors could not claim their 80G deductions. The discussion clarifies that filing Form 10BD is mandatory for trusts receiving donations, regardless of whether the donors claim the deduction or not. This form is a required statement for donations received under sections 80G(5)(viii) and 35(1A)(i).

Chandra Kala

Chandra Kala (Querist)

05 August 2023 Trust registered u/s 12AB and donations received and got exemption u/s 80G. But we are not filed 10BD. Donar not claimed 80G Deduction. shall we show all donations not filed 10BD

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 August 2023 Form 10BD is a statement of donations received to be filed mandatorily as per section 80G(5)(viii) and as per section 35(1A)(i). It shall be furnished electronically using DSC or EVC. Note: If no donation is received during the financial year, the above form is not needed.

Chandra Kala

Chandra Kala (Querist)

10 August 2023 Is Form 10BD is required to file by Trust, if the Assessee is not claiming deduction under 80G

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 August 2023 That's immaterial you have to file if you have received donation.

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