Non-filing of Form 10BD incurs a late fee of Rs. 200 per day under section 234G of the Income Tax Act, 1961. This fee cannot exceed the donation amount.
The Assessing Officer may impose a penalty under section 271K, ranging from Rs. 10,000 to Rs. 1,00,000. Unfortunately, there's no relief from this penalty under section 273B, even with a reasonable cause.
Donors won't qualify for tax benefits under section 80G of the Income Tax Act, 1961.

Furthermore, we are pleased to share that we have covered an insightful article on Decoding Forms 10BD and 10BE: A Must-Have for NGOs and Donors. You can access the article through our blogs.

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