Income Tax Alert: File Form 10BD for FY 2024–25 by 31st May 2025! 📣

The Income Tax Department mandates all eligible entities to file Form 10BD—a donation statement—by 31st May 2025 for the financial year 2024–25. This filing is critical for institutions and trusts that receive donations and issue certificates under Section 80G(5)(iii) or Section 35(1A)(i).

🔍 What is Form 10BD?

Form 10BD is a statement of donations received by entities registered under:

  • Section 80G – For institutions providing tax deduction benefits to donors.

  • Section 35 – For institutions involved in scientific research or rural development.

This form helps the Income Tax Department track donations and ensures transparency and authenticity of the tax benefits claimed by donors.

🧾 Who Needs to File?

✔️ Charitable institutions
✔️ NGOs
✔️ Scientific research organizations
✔️ Educational or medical trusts
✔️ Any entity registered under Section 80G or 35 that has received donations

📅 Important Deadline:

🗓️ Due Date for FY 2024–25: 31st May 2025

Missing this deadline may lead to penalties and disqualification from issuing 80G certificates to donors.

✅ Benefits of Timely Filing:

  • Maintains donor trust by enabling them to claim deductions

  • Avoids penal consequences for non-compliance

  • Keeps your institution’s tax records in good standing

  • Ensures eligibility for issuing Form 10BE to donors

🧠 Need Expert Help?

Don’t risk non-compliance! Let Taxla Services handle your Form 10BD filing with precision. We are trusted tax consultants with deep expertise in charitable trust and institutional compliance.

📞 Contact us today: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com
📍 Visit us: 19, SBI Colony 3rd Street, Saligramam, Chennai – 600093

#Form10BD #DonationReporting #IncomeTaxIndia #Section80G #TaxlaServices #ComplianceMatters #TaxFilingHelp #ChennaiTaxExperts #DueDateReminder #BestAuditorInTamilnadu



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