Overview of Trust Registration

Getting a public trust registered is one of the easiest ways to start a non-governmental organisation. The main objective of public trust is to provide basic education to the deprived, make efforts to eradicate poverty and provide medical relief besides the comprehensive goal of promoting science, literature, and arts. However, one should be aware that once the trust is registered, it cannot be terminated or amended without the orders of the Court of India; in other words, trusts are irrevocable.

While registering a Trust, one has to draft a trust deed. A trust deed comprises the objective, aim and various modes of trust management. Although there are no specific or particular laws in India that regulate public trust, some states like Tamil Nadu, Gujarat, Madhya Pradesh and Maharashtra have developed their own Public Trust Act.

If one is looking for Trust registration, Taxrepair is the place to get it done. Our Trust registration experts give our clients all the necessary assistance and guidance required for the registration of this type of entity.

Documents Required for Trust Registration

• Trust Deed
• Scanned copy of the trustor and the trustees (for ID Proof):
• Aadhar card
• Passport
• Voters ID
• Driving license
• The latest No-objection Certificate (NOC) scanned copy from the property owner if the registered office is on leased or rented property.
• Scanned copy of the registered office (Not older than two months, preferably the latest one) (used for Address Proof):
• Latest bank statement
• Mobile or telephone bill
• Gas or electricity bill
• The scanned copy of the rental agreement if the registered office is on leased or rented property
• The latest scanned copy of NOC from the property owner if the registered office is leased or rented.
• Passport-sized photographs
• Two witnesses are needed at the time of registration.

Benefits of Trust Registration

Land from the Government

One of the advantages of having your Trust registered is that Trust gets land from the government. Getting land helps certain trusts head start their operations to empower the people and enable them to fulfil their objectives.

Tax Benefits

A Registered Trust is eligible for certain tax benefits under the Income Tax, Service Tax, and entertainment tax. Furthermore, they also get the advantage of an 80G certificate under the Income Tax Act. Thereby helping the Trust in many ways to save money for the operations.

Helps in the Betterment of the Society

Registering a trust comes with numerous advantages in terms of benefits from the Government, Taxes and many more such benefits. Moreover, the money saved through them is utilised to reform society at large by contributing it to various causes like education eradicating poverty, to name a few. Over the years, these trusts have helped immensely in making the community a better place by helping the underprivileged and aiding them to be self-sufficient in every possible way.

Timelines of Trust Registration

We at Taxrepair make sure that all the compliances obligations, internal rules, procedures and policies are adhered to, thereby giving you a high-quality standard of the entire process. Furthermore, our experts at Taxrepair ensure that your Trust is registered at a reasonable amount of time hassle-free.

Contact us or write to us for getting your Trust registered seamlessly.