https://www.taxtmi.com/article/detailed?id=11941 Form 10BD requires annual reporting of donations and grants involving tax exempt entities: donors must record and report details of contributions (identity of parties, amount or nature, and purpose) and recipients must verify and retain those details. The obligation applies to contributors to recognised nonprofits, governmental organisations, and entities with special tax treatment. Filing aligns with the income tax return due date for the assessment year following the financial year of the transaction, and timely compliance supports transparency and eligibility for tax benefits. en-us Wed, 11 Oct 2023 10:06:20 +0530 Wed, 11 Oct 2023 10:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11941 Form 10BD requires annual reporting of donations and grants involving tax exempt entities: donors must record and report details of contributions (identity of parties, amount or nature, and purpose) and recipients must verify and retain those details. The obligation applies to contributors to recognised nonprofits, governmental organisations, and entities with special tax treatment. Filing aligns with the income tax return due date for the assessment year following the financial year of the transaction, and timely compliance supports transparency and eligibility for tax benefits. Articles Corporate Laws / IBC / SEBI Wed, 11 Oct 2023 10:06:20 +0530 https://www.taxtmi.com/article/detailed?id=11941