28 May 2024
If a trust, such as an educational foundation, receives a donation in the form of cash from a private limited holding company as part of its Corporate Social Responsibility (CSR) activities in India, and it has been utilized for the objectives of the company. Whether Form 10BD Need to file or not. it is sufficient to file form 10BB only. Kindly clarify it.
31 May 2024
If the educational institution is holding approval u/s 80G then it needs to file Form No. 10BD in respect of all donations to enable the donor claim deduction u/s 80G. Though the donation made by a company to comply with the CSR is not an allowable expenditure while computing business income but the company may claim a deduction u/s 80G
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