TRUST REGISTRATION @25000/- ONLY

WHAT IS INCLUDED IN PACKAGE

  1. Registration Certificate

  2. Trust Deed

  3. Unique Name of Trust

  4. PAN Card of Trust

  5. Current Bank Account Number

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NGO - TRUST REGISTRATION

WHAT IS TRUST?

As per the Indian Trust Act 1882, a Trust is an arrangement where the Owner (Author) transfers the property to someone else (trustees) for the benefit of beneficiary(ies).

Such a property is transferred by the Author to the trustee(s) along with a proclamation that the trustee should hold the property for the beneficiaries of the Trust.

TYPES OF TRUST

Trusts can be classified into two categories:

1. PUBLIC TRUST: It is a trust whose beneficiaries include the public at large. Public Trust is further subdivided into two parts:

  • Public Charitable Trust;

  • Public Religious Trust.

2. PRIVATE TRUST: A private Trust is the one whose beneficiaries include families or individuals. Private trust is further subdivided into two parts:

  • Private Trusts whose beneficiaries and their requisite shares both can be determined;

  • The Private Trusts whose both or either the beneficiaries and their requisite shares cannot be determined.

12A AND 80G CERTIFICATES

Income Tax Department issues 12A certificate to the trusts or NGOs. Any trust that has 12A certificate is not liable to pay Income tax for the entire lifetime on its surplus income.

A Trust must acquire 80G certificate. This certification gives the donor a permission to avail the benefit of deduction at the time of making donation.

TRUST REGISTRATION PROCESS

1. SELECTION OF NAME OF TRUST:

First thing is to select a unique name of your trust, the name should not violate or infringes someone else name or trademark.

3. FILING OF DOCUMENTS:

Filing of documents before the registrar of the trusts having jurisdiction for registration of Trust.

2. DRAFTING OF TRUST DEED:

The trust deed needs to be drafted wherein the parties to the deed shall be settlor (author of the trust deed), the trustee and the beneficiary.

4. APPLY FOR PAN, TAN, GST REGISTRATION, OPENING OF BANK ACCOUNT:

After registration of the trust, the next step is to apply for allotment of PAN Number and TAN, GST Registration and thereafter opening of a bank Account.

DOCUMENTS REQUIRED FOR REGISTRATION OF TRUST

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Photograph of All Trustees and Author
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Rent Agreement or Ownership Documents and and NOC signed by the landowner
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ID Proof of All Trustees and Author
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Trust Deed
PAN CARD.webp

PAN card of settler and each Trustee

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Latest Utility Bill