Trust Registration

In India, trusts are governed by the Indian Trust Act. A trust is, to put it simply, a financial vehicle that transfers a property from its owner to a trust for any lawful purpose. In India, the word trust is most often connected with religion; however, there is no such restriction. There are even sports academies registered as trusts.

In some states, even societies are public trusts. Often, you’ll even hear of the wealthy creating private trusts; this is done because of the tax-efficient nature of the trust (dividend distribution tax or minimum alternate tax do not apply) and because it’s an easier way to transfer money than a will. However, it does much involve much more effort to register a trust than to write a will. Here’s what needs to be done:

Trust Registration Procedure

  • 1. A trust document needs to be drafted. Such document contains all the information about the trust and is printed on non-judicial stamp paper with a value of Rs. 100. The trustees and witnesses must sign this document in the presence of a notary.

  • 2. The document must contain the names and addresses of all the trustees, the minimum and a maximum number of trustees, its objectives, and rules and regulations.

  • 3. The owner of the property where the trust office will be located must provide a no-objection certificate.

80G Certificate

For Application of 80G Certificate

To apply for this certificate, the following documents must be submitted:

  • 1. Properly filled Form 10G;

  • 2. Registration Certificate;

  • 3. Copy of PAN card of trust;

  • 4. Copy of utilitie's bill;

  • 5. NoC from the landlord;

  • 6. Books of accounts for past three years;

  • 7. Copy of Trust Deed;

  • 8. Evidence of Welfare Activities/Progress Report.


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