Form 10BE acts as proof of the donation made by taxpayers to a recognized fund or charitable institution. You can claim a deduction under section 80G for the donations made to such organizations. After the trust submits Form 10BD (a statement of donations), they must provide you with Form 10BE.
This form is a proof of the donation you made and helps you claim the deduction at the time of filing returns. It also verifies the donations reported by institutions with the deductions claimed by taxpayers.
The due date of Form 10BE is the same as the due date of issuing Form 10BD. Therefore, Form 10BE must be issued on or before May 31st of the financial year following the year in which the institution has received its donation.
Therefore, the charitable institution has to file Form 10BD earlier, so that Form 10 BE can be issued by the due date. Here’s an example to help you understand better -
Suppose Mr.A donated Rs.1 lakh in June 2024, which means the donation was received for FY 2024-25. In this case, the charitable institution must file Form 10BD with the Income Tax Department and issue Form 10BE on or before 31st May 2025.
Earlier, taxpayers could claim their Section 80G deductions just with the help of the donation receipts given by NGOs or charitable institutions. As per the new provision, it is mandatory for the donee to submit Form 10BD and issue Form 10BE.
Here are the steps that you need to follow to file Form 10BD -
Step 1. Visit the Income Tax Portal.
Step 2. Under the e-file tab, click on “File Income Tax Forms” and select “Form 10BD”.
Step 3. Enter all the relevant information for each section, including the basic information, details of the donor and the donation, and verification.
Step 4. After entering the necessary details, save this file in CSV and click on ‘proceed’ by clicking the ‘preview’ option.
Step 5. Once it is e-verified, submit the form.
Step 6. After successfully submitting Form 10BD, you can get Form 10BE from the charitable institution.
If you have made donations to trusts or institutions that qualify for tax benefits under section 80G, then you need to obtain form 10BE from the donee before 31st May every year. This new system improves transparency and accountability in donations. Therefore, it is mandatory for you to obtain Form 10BE from the charitable institution in order to claim the section 80G deduction.
Here are the steps that you need to follow to download Form 10BE from the Income Tax Portal -
Step 1. Visit the official Income Tax Portal and log in using valid credentials.
Step 2. Under the e-file tax, select ‘income tax forms.’
Step 3. Now, from the drop-down menu, click on ‘view filed forms.’
Step 4. A new webpage is displayed on the screen, showing all the forms filed to date.
Step 5. Under the Form 10BD tab, click on the ‘view all’ option.
Finally, click on the Form 10BE to download its PDF. This option is available after 24 hours of filing Form 10BD online.
Form 10BE contains all the necessary information about the charitable institution and the donor. It consists of the following details -
- PAN of the charitable trust
- Name & address of the charitable trust
- Name & address of the donor
- Date of approval of the trust
- An individual's unique identification number, such as Aadhaar or PAN, and the donor's name.
- Financial year of the donation
- Type of donation, whether it's for the corpus, specific grants, or other purposes
- Details of sections 80G and section 35 under which the donor qualifies for deduction.
- Total amount donated
If the charitable institutions do not provide Form 10BE on time to the donor, they can be subject to strict penalties. A penalty of Rs.200 for each day of delay is leviable under section 234G of the act. This fine is applied to the institution for each day that Form 10BE is not granted after the deadline, i.e., 31st May.
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