A Trust is a legal entity formed to manage assets for charitable, religious, or social purposes. It operates under the Indian Trusts Act, of 1882, ensuring structured governance for philanthropy and community welfare initiatives.
How It Works
Trustor
The trustor is the person who creates the trust.
Trustee
The Trustee is an individual that holds the trust property which is given by the trustor.
Step 3
The beneficiary is an individual for whom the trust is created.
Benefits of Trust Registration
Tax Benefits Avail exemptions under Sections 12A & 80G.
Perpetual Existence The trust remains operational despite changes in trustees.
Credibility & Donations Registered trusts can attract more donations.
Legal Recognition Provides legitimacy for social and charitable activities.
How to Register a Trust in India (Step-wise)
Step 1: Decide the purpose and name of the Trust.
Step 2: Draft a detailed Trust Deed including objectives, trustees, and powers.
Step 3: Get the Trust Deed notarized and submit it to the Sub-Registrar.
Step 4: Obtain a PAN and register under the Income Tax Act for 12A & 80G exemptions.
Step 5: Open a Trust bank account and begin operations.
Documents Required
Trust Deed with details of trustees and objectives
PAN and Aadhaar of trustees
Address proof of Trust (Rental Agreement/Utility bill)
Passport-sized photographs
Declaration by trustees
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