Charitable Trust Registration
Charitable Trust is an irrevocable organization registered under the Indian Trust Act 1882, wherein a property held by one party for the benefit of another party. A trust is formed by the owner, who is also called a trustor or grantor who transfers property to a trustee. The trustee holds that property for the trust’s beneficiaries. The purpose of a trust must be lawful.
Why To Choose Us?
Frequently asked questions (FAQs)
What is a Charitable Trust?
A Trust is an arrangement where the owner i.e. trustor transfers the property to trustee for the benefit of a third person i.e. beneficiary. Click here to read more.
What are the Legislations pertaining to the Charitable Trust?
- Managed & Governed by the Indian Trusts Act, 1882
- Trust should meet certain eligibility criteria.
- Trust has to be registered with the charity commissioner’s office.
What is the process for Charitable Trust registration?
Process for Charitable Trust registration-
- Choose the Name of the trust
- Determine Authors, Trustees & the beneficiaries of the Trust
- Draft MOA & Trust deed
- Registration of trust
- Acquire registration certificate
- Opening a bank account
What are the documents required for Trust Registration?
- Trust Deed
- Two photographs of partners
- PAN card
- Self attested copy of the settler
- Self attested copy of each trustee.
- Partners’ Address proof
- Registered office address
- No Objection Certificate
Is there any tax benefit under Income Tax Act for Trust or NGO?
Yes, The Trust acquiring 12A certificate is exempted to pay tax under Income Tax for the entire lifetime on their surplus income. Click here to read more in detail.