As per the latest amendment to Income Tax Act, 1961, every Trust or Association with 80G recognition shall file Annual “Statement of Donation” with Income Tax Department, declaring the details of donations received during the year via Form 10BD. The due date for filing Form 10BD & issuance of certificate of donation is 31st May of the subsequent financial year. Also, the Trust/ Association shall issue a Certificate in Form 10BE to all such donors specified in Form 10BD.

This notification has been brought up to curb the bogus and fake claims of deduction u/s 80G and to ensure the transparency of the donations received by recognized NGOs.