80G Return

Compliance Procedures

80G Return (Statement of Donation)

80G certificate is a certificate that is granted to certain not-for-profit organization by the income tax department, granting their donors the ability to avail of a tax deduction on donations.

As Finance Act, 2020, has made mandatory for all 80G registered organisations to furnish an annual statement of donation received by the organisations. In simple terms, the deduction under this section to a donor shall be allowed only if annual statement is furnished by the donee in respect of donations received during the financial year from all the donors and in the event of failure to do so, fee and penalty shall be levied to the organization receiving such donations.

The organisations are required to furnish this statement electronically in Form No.10BD. This statement is required to be furnished to appropriate authority of Income Tax Department on an annual basis on or before the 31st May immediately following the financial year in which the donation is received.

Delay in filing Return 

Late fee: The delay in filing of annual statement of donation, a mandatory late fee of Rs 200 per day shall be levied of the person responsible to file the statement (Section 234G). 

Penalty: A penalty of Rs. 10,000 which may go up to Rs. 10,00,000 can also be levied if there is delay in filing annual statement of donation (section 271K)

Certificate of Donor

The donors making donations to 80G registered organisations are eligible to income tax exemption in lieu of donations made by them. The Finance Act, 2020 has brought the requirement of issuing a certificate to the donor in Form No. 10 BE specifying the amount of donation received during financial year from such donor. These provision is applicable with effect from financial year 2021-2022.  

The certificate referred above is required to be furnished to the donor on or before the 31st May, immediately following the financial year in which the donation is received.

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