How To Fill New Form 10BB For Charitable Organizations | Form 10BB Live Practical Filling

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I am Ashis Agarwal from Team NGOenabler and today I am going to guide and handhold you all in filling the new Form No. 10BB on the Income Tax Portal. I hope you all must have gone through our video on how to fill the new Form No. 10B and must have found it useful. We actually received a lot of requests for making a similar video for Form No. 10BB too and here we are for you all today, showing practically how to fill the new Form No. 10BB.
Before we start, let me update you, earlier, Form No. 10BB used to be applicable only to the organizations registered u/s 10(23C), but w.e.f AY 2023-24, relevant to the previous year 22-23, the same has been made applicable to even those organizations which are registered u/s 12AB and not fulfilling the eligibility criteria laid down for filing Form No. 10B in Notification No. 07/2023.
How to fill Form 10B?
How to file Form 10B?
How to fill Form 10BB?
How to file Form 10BB?
Eligibility criteria for Form 10B
Eligibility criteria for Form 10BB
Complete Video about form 10B and 10BB
Extended due date of Form 10B
Extended due date of Form 10BB
Due date of ITR From 7
ITR-7 Due Date
Is ITR 7 due date extended ?
Is Form 10B due date extended ?
Is Form 10BB due date extended ?
New Form 10B Live Filling
New Form 10BB Live Filing
Form 10B Utility
How to fill form 10B using Utility
Form 10B In Income Tax Utility
What is form 10BB?
What is form 10B?
Who needs to file form 10BB?
Who needs to file form 10B?
Form 10B Applicability
Form 10BB Applicability
All about new Form 10B
All about new Form 10BB
How To Fill New Form 10B In Income Tax Utility
New Form 10B For Charitable Organizations
All details about form 10B
Detail Explanation of Form 10
New form 10B Applicability
New form 10BB Applicability
Form 10B of Income Tax
Form 10BB of Income Tax
Form 10B and 10BB
New Form 10B For Charitable Organizations
Changes In Form 10B
Changes in Form 10BB
How To Fill New Form 10B For Charitable Organization
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Опубликовано:

15 сен 2024

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Комментарии : 53

@Ravindranath-i5o 4 месяца назад

Ashish Agarwal ji, you and your Team NGO Enabler deserve all the appreciation for the service you are rendering by creating awareness among small and medium-sized Charitable Trusts / Organisations. May God bless you.

@NGOenabler 4 месяца назад

Thank you so much!

@anneccabinsy1332 11 месяцев назад

Sir you've filled in amt rs.25000 in foreign contribution received (16:50min) but form 10BB is for organisations not receiving foreign contribution during the pyr....

@NGOenabler 11 месяцев назад

Good point. It was just to explain the clauses!

@amanagarwal3766 11 месяцев назад

Sir, If there is a trust which has 1 asset on which application of income has not been taken in previous years when it was purchased and depreciation has been claimed on it till last year. What to do in current year? Should we stop depreciating the assets from present year and keep the assets in the balance sheet at same value?

@NGOenabler 11 месяцев назад

Providing depreciation is an accounting issue ! Not related to income tax ! So, depreciation should be continued but yes, don't consider it is an application

@amanagarwal3766 11 месяцев назад

@@NGOenabler Sir, if I provide depreciation then it will be reflected in P/L and BS both, now you mean to say that excluding depreciation my expenses should be 85% of income? Please clarify I am confused in this area.

@rohitsharma5237 10 месяцев назад

Sir kindly clear which amount put in to point no 23(xix) Deemed accumulation (upto 15% of the income) either from Balance sheet where paid and unpaid expenses both consider as Application of Income or as per audit report where only paid expenses consider as Application of Income

@NGOenabler 10 месяцев назад

Please check my video on computation of income .. I think it will clear

@bhargaveco 10 месяцев назад

Q1. SIr..Clause 23 (Vi) mein Repayment of Loan mein Principal & Interest dono aayega? Q2. Clause 27 (E) Borrowed Fund and Clause 23 (Vi) same amount aayega?

@NGOenabler 10 месяцев назад

Only principal should come because interest will be debited in income and expenditure

@cadramitkumarrajput1477 10 месяцев назад

Please prepare ITR7 VIDEO SIR. YOUR VIDEOS ARE EXCELLENT.

@NGOenabler 10 месяцев назад

Just to keep you informed. Uploaded today morning !

@pppadmanabhshishyasamprada3413 11 месяцев назад

1. Is the trustee kyc and 2. trustee family kyc is mandatory to feed in. Or optional

@NGOenabler 11 месяцев назад

They have made it a mandatory field. So yes we should

@nikitajain5152 11 месяцев назад

Sir total amount applied will be total expenditure including depreciation and any capital expenditures?18:32

@NGOenabler 11 месяцев назад

Depreciation is not an allowable expenditure for charitable organisations.. but yes capital expenditure will be included

@Taxinfoontime 11 месяцев назад

sir, please make a video on FCRA Annual Compliences

@NGOenabler 11 месяцев назад

I think I have already made one

@RAJESHBHAVNANI-k3t 11 месяцев назад

Hie.. Sir I saw ur video on form No 10 bb. Very nice. Sir i have a doubt that we r charitable trust .We get only Fdrs intetest and rent Income. Gross receipts below the 5 cr. Last year we filed 10b form. Now this year which form is applicable.Please suggests.

@writer3846 11 месяцев назад

10bb

@NGOenabler 11 месяцев назад

Form 10BB if FCRA is not there

@RAJESHBHAVNANI-k3t 11 месяцев назад

Thank you Sir 😇

@aaishakhan2892 11 месяцев назад

Is it necessary to give all members data of trust or details of any ine person is sufficient??

@NGOenabler 11 месяцев назад

In my opinion it's asked all members. So atleast Board of Trustees or Governing body details should be given

@RekhaSahani-tv8px 10 месяцев назад

sir jo uper application of income wala column me usme uper mentioned h ki jo eligible nhi h and 27 me fill kr re h wo waha application me nhi h .....toh suppose humne koi application of fund kiya h but wo borrowed funds se h toh wo nhi aayega application me hii.... borrowed fund jita exclude krke dikahyenge

@NGOenabler 10 месяцев назад

Correct !

@murtazamaster7846 10 месяцев назад

trusts having gross receipt below 2.5 lakhs dont need to file 10BB right? and therefore due date for itr filing for such trust will be 31st October or 30th November?

@NGOenabler 10 месяцев назад

Yes audit is not required but in that case, the due date for return should be 31-07-2023 .. now also it can be filed but with late fee u/s 234F

@murtazamaster7846 10 месяцев назад

@@NGOenabler but out trust are getting audited under the Maharashtra Public Trust Act so than date should be 31st october or 30th November ? (Form 10BB not applicable as receipts below 2.5 lakhs)

@aaishakhan2892 11 месяцев назад

If trust has provisional reg of 80g and trust received donations but trust has not filed form 10BD as it is required then what to do??

@NGOenabler 11 месяцев назад

It's not mandatory if the donors doesn't want the benefit of 80G or the donations doesn't fall under the category of exemption . So it's fine

@OjasNarsale 10 месяцев назад

Sir Where to report agricultual income in 10BB and it should be gross or net

@NGOenabler 10 месяцев назад

If it's in the nature of business activities, then you need to fill it where the row is provided for business activities. Else, in other income

@OjasNarsale 10 месяцев назад

@@NGOenabler net or gross

@pavanbr3133 11 месяцев назад

How to determine whether the registration is provisional or not

@NGOenabler 11 месяцев назад

Form 10AC

@aaishakhan2892 11 месяцев назад

At time 20:23 if trust files form 9A in previous year then that amount has to be filled here???

@NGOenabler 11 месяцев назад

No, if the amount was unpaid in the last year due to accrual system of accounting being followed by the organisation, and have also not been claimed as an application in that year, then that amount has to be filled here

@RakeshMahajan-wb2rq 11 месяцев назад

Sir we have applied some amount from accumulation of previous years e.g of Fy 2020-21. Do we need to mention it anywhere in the form and how will it effect the accumulation of this year will it get increased by that amount.

@NGOenabler 11 месяцев назад

Yes, I think specifically I have mentioned this point in the section which relates to application of income ! You need to fill it separately

@RakeshMahajan-wb2rq 11 месяцев назад

SIR IF WE HAVE RECEIVED DONATION OF RS 10 LAC AND APPLICATION IN CURRENT YEAR IS 6 LACS AND WE HAVE INCOME OF 4 LAC AND EARLIER ACCUMULATIONS OF 1 LAC. WHAT WILL BE THE ACCUMULATION AMOUNT IN THIS YEAR IF WE CONSIDER 1 LAC HAS BEEN APPLIED DURING THE YEAR. WILL IT BE 2.5 LAC OR 3.5 LAC @@NGOenabler

@aaishakhan2892 11 месяцев назад

If trust started activities within 6 month of getting provisional registration but have not applied for final registration. Then what are the consequences??

@NGOenabler 11 месяцев назад

Provisional certificate shall be deemed to be expired and trust shall not be considered as registered u/s 12AB anymore

@aaishakhan2892 11 месяцев назад

Then exemption claimed in ITR 7 will be disallowed by department and taxed???

@aaishakhan2892 11 месяцев назад

Suppose trust received rs 10 lakh donation and applied 85% and ca filed form 10b and ITR 7 and claimed exemption. But trust has not applied for final 12A registration and 6 month expired from obtaining provisional reg. And trust already started activities.

@clg-chandra 10 месяцев назад

What are the consequences if Form 10BB is filed afrter 31.10.2023 ?

@NGOenabler 10 месяцев назад

The entire application amount might be disallowed

@advocateneeraj3322 11 месяцев назад

Sir, One charitable hospital is registered under 12A and Total receipts are Rs.25 lacs only. I wish to file ITR 7 for AY2023-24 with exemption u/s 10(23c)(iiiiae) without any audit report. Can i do so?

@NGOenabler 11 месяцев назад

You can file in my opinion. But since registration is taken under 12A , I will not advise to do it

@advocateneeraj3322 11 месяцев назад

@@NGOenabler sir, All facts were same in AY 2022-23 and I had filed ITR u/s 10(23)(iiiae) & ITR processed too. Now for AY2023-24 I am little bit confused because various notification and amendment. Please guide.