bujjulu (e-TDS + IT return filer Hyderabad) (731 Points)
22 July 2023an assessee donated 10 lakhs to a TRUST.
had the trust filed form 10BD this would have reflected in 26AS .
not reflecting in 26AS. ( ignore )
Atleast, has the trust reported the same through form 10BD.
If not, id the assessee claims exemption of 50 % donation from income against this donation made, WILL THERE BE ANY PROBLEM ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177726 Points)
Replied 22 July 2023
Once Form 10BD is successfully filed, Form 10BE is generated under filed forms. These certificates can be downloaded in PDF format and the same has to be furnished to all the donors who are listed in Form 10BD.
These certificates provide the details of Donation made by the donors to the entity which can be claimed as deduction by them u/s 80G while filing their income tax return.
Manas Phadke
(Senior Consultant)
(90 Points)
Replied 24 July 2023
Donations eligible under sec 80G will not appear either in 26AS (only TDS or TCS) nor in AIS/ TIS even though the donee has filed Form 10BD. Ideally the donor should ask the donee to provide form 10BE for claiming deduction u/s 80G. However, since the ARN field in the relevant schedule for claiming deduction u/s 80G is still not mandatory, the assessee can go ahead and claim the deduction even though he hasn't received Form 10BE from the donee.
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