Compliance Quiz

What details of the donor are required to provide a tax benefit?

• Name, Address, any ID proof     

• Name & Address

• Name, Address, PAN or Aadhar

• Name & PAN

A donor does not want tax exemption. Is it mandatory to provide some ID proof?

• Yes, some ID proof is needed

• Yes, PAN is mandatory

• No Id proof is required, Name ,Address & Nationality

• No details of donors needed

Is it mandatory to send Form 10BE (Certificate of donation) for all donations?

• Yes, it is mandatory

• No, only for donors who want a tax benefit

• Yes, if donation is more than Rs. 1,000

• Only for first time donors

How many times in a year can an NGO file Form 10BD?

• Once a year

• Once in 6 months

• Once in 3 months

• Unlimited

Is a donation by an NRI (Non-Resident Indian), an FCRA donation?

• No

• Yes

• Depends on currency

• Yes – if intl credit card / bank account is used

Is a donation by a PIO (Person of Indian Origin) / OCI (Overseas citizens of India) an Indian Donation or FCRA donation?

• Foreign Donation

• Indian donation

• Depends on currency of donation

• Yes – if intl credit card / bank account is used

If an Indian national living in America donates, would it be classified as an Indian donation or a foreign donation?

• Indian Donation

• Foreign Donation

• Depends on currency of donation

• Yes – if intl credit card / bank account is used

Are all donations in Indian rupees (INR) considered as Indian donations?

•  Yes

• No, depends on donor's nationality.

• Depends on the residence of donor

• Yes – if intl credit card / bank account is used

Can NGOs take Anonymous Donations (Tax Free)?

• Not at all

• Yes, upto Rs. 2,000 per donor

• Absolutely Yes. Upto one lakh or 5% of the total income whichever is higher is also exempt from tax.

• Yes – no limit at all!

 Can an NGO take donations in cash?

• Not at all

• Yes, upto a limit of Rs. 2,000 per donor

• Yes – no limit at all! But donor cannot claim tax benefit of more than Rs. 2,000 per financial year across all their donations

• Yes – no limit as long as they collect name, address & PAN of all donors.