Our team of experts will help you drafting a trust deed and MOA. We will also proceed further in registering trust to your respective state registrar and will get 80G and 12AA certifications if you wish to obtian that also. For more queries feel free to ask us.
Any organizations or an individuals or any group of individuals wants to carry out charitable activities in India can do so by forming a trust. In India, one can carry out charitable activities by forming trust, society or section 08 company under companies act. The most convenient way of doing such activities is by forming trust. Charitable activities may includes social welfares, special children’s welfare’s, welfares for disabled or specially abled people, girl’s education, and so on.
As per the Indian Trust Act 1882, a Trust is an arrangement where the owner (trustor) transfers the property to someone else (trustee) for the benefit of a third person (beneficiary). Such a property is transferred by the trustor to the trustee along with a condition that the trustee shall hold the property for the beneficiaries of the Trust and not for any other purpose
Trusts in India are categorically divided into:
Public Charitable Trust – Aids social causes such as education, healthcare, or relief work.
Public Religious Trust – Focuses on religious and spiritual activities.
Determinate Private Trust – Beneficiaries and their shares are clearly defined.
Indeterminate Private Trust – Beneficiaries and shares are not determined.
To Register A Trust, Follow These Steps:
The Following Documents Are Required:
Get Certification Under Section 12AA And Section 80G:
A Trust or an NGO can acquire 12A certificate from the Income Tax Department. Any Trust acquiring such a certificate is exempted to pay income tax for the entire lifetime on its surplus income. Also, an NGO must obtain 80G certificate. This certificate allows donors, that is persons or organizations making donations to an 80G certified NGO, to avail deduction from their respective incomes. Thus, such a deduction is given to the donors under section 80G of the Income Tax Act. By availing this certificates, trust can attract more doners because of income tax benefits to donors.
