What we do
Trust Registration
Trust Registration
Trust registration is a process of legalizing the trust deed (a legal contract between the settlor and Trustee) from the registrar of the respective jurisdiction. The Trust serves as a legal medium liable for the lawful distribution of the settlor’s assets among the concerned beneficiaries. The Trust comes to an effect as soon as the registrar provides its authorization to the trust deed.
Various types of Trust in India:
- Revocable
- Testamentary
- Irrevocable
- Charitable
- Asset protection
- Spendthrift
- Special needs
Inclusions on Trust Registration process from E-TAX HUB INDIA
- Advice on the trust registration procedure.
- Advice on securing 12A and 80G registration under the Income Tax Act, 1961.
- Compliance with the registration of trusts.
- Assistance in drafting the trust deed.
- Advice on the different forms of trust that can be formed.
- Post compliance for the trust registration process.
- Advice on several tax benefits on forming the trust.
- Any other advice on forming a trust.
Benefits of Trust Registration
- Charitable Activities
- Donors can Claim Tax Exemptions
- Compliance with Law
Documents required for Trust Registration
The following documents are required for trust registration:
- Trust Deed with the respective stamp value.
- Two Photographs of the parties in the trust.
- PAN Card of the individuals having a trust.
- Address Proof of the Individuals.
- Identity Proof of the Individuals.
- Authentication from the Partners.
- No Objection Certificate for using the Premises
- Any form of Utility Bill.
- Address Proof of the Registered Office of the Trust.
- 12A and 80 G Certificate from the respective income tax authorities to claim any form of deductions
Why Trust Registration Process is Required?
Trusts are formed for the sole purpose of promoting non-commercial activities. These activities have to be in the field, promoting development in the field of arts, science, education, and the environment. Therefore registering a trust is crucial. The following benefits are obtained from registering a trust in India.
- To ensure that the activity conducted on behalf of the trust is regulated properly.
- Trust registration is required to claim income tax benefits under 12A and 80 G.
- In the case of public trust, beneficiaries are the general public. Every trust must act in the best interests of the public to promote the development of trust.
- This license is required so that the businesses of trust are conducted as per the law.
- To develop various sectors in society.
Our E-TAX HUB INDIA experts will be at your service for facilitating required support concerning Trust Registration and its compliance. The trust registration in India revolves around sensitive and error-prone legal implications. This is where our expertise comes in so handy. Our professionals make sure that you have more clarity on the governing provisions of Trust in India so that you can undertake Trust related activities with minimal legal hassles.
