quick one, do we need to give a receipt for every small donation or only above a limit?
i think below 2000 you do not need to report it at all, cash or otherwise. that is what our old auditor said
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This is not correct and I want to correct it clearly because acting on it will cause you a problem.
The ₹2,000 limit is about CASH donations and 80G eligibility, a donation above ₹2,000 in cash does not qualify for 80G deduction. It is not a reporting exemption.
Separately, if your org is 80G registered, you are required to file Form 10BD annually with details of donations for which the donor claims deduction, and issue Form 10BE certificates to those donors.
There is no small-donation carve-out from that if the donor wants the deduction.
Please check with your CA rather than your memory of an old conversation. This one has penalties attached.
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corrected, thank you, and sorry for putting bad info out. deleting would be worse than leaving it up with your reply under it i think
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Leaving it is right. Someone will search this and find both.
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10BD deadline is 31 may and it sneaks up on everyone. put it in a calendar now
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