Navigating the legal and financial landscape of running a religious trust in India can be complex. From 12A registration to the latest Form 10BD requirements, staying compliant is non-negotiable. This guide breaks down the key aspects of Digital Donation Management.
Section 12A registration exempts your trust's income from tax, while Section 80G allows your donors to claim tax deductions on their donations. Maintaining these certifications requires meticulous record-keeping of every single transaction, something manual ledgers often fail to do accurately.
Recently, the Income Tax Department mandated the filing of Form 10BD (Statement of Donations) by May 31st each financial year. Once filed, trusts must issue Form 10BE (Certificate of Donation) to donors. Failing to do this can lead to penalties and loss of 80G status.
As temples move towards online donations via UPI, Netbanking, and Cards, security becomes paramount. Using a trusted payment gateway ensures that donor data is encrypted and funds are settled directly into the trust's bank account without leakage.
Receiving donations from outside India requires an FCRA registration. Your digital platform must be capable of identifying foreign IP addresses or cards and enforcing strict documentation requirements (like Passport copies) before accepting such funds.
The easiest way to stay compliant is automation. 3ioSetu's Temple ERP automatically:
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