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TRUST REGISTRATION

A Trust is registered and governed by Indian Trust Act, 1882. Income Tax Act, 1961, defines a Trust as “An arrangement by which property is handed over to or vested in a person, to use and dispose off for the benefit of another person”. Creation of a Trust can be broadly classified into two methods namely

  • Public Trust (Charitable Trust); and
  • Private Trust formation.

Documents required for trust registration in India :

1 Registered Office address Proof ( Own property – Sales Deed/Lease Deed/POA & NOC from Owner)
2 Registered Office address Proof (Rented premises – Rent Agreement with One Utility Bill and NOC from Owner on Rs 10/- stamp paper)
3 Members/Trustee’s ID and Address Proof ( PAN Card Copy with Aadhar/Voter ID/Driving License/Passport)
4 Trust Deed
5 Photograph of all Members
6 Affidavit ( if applicable)
7 List of Body Members with fathers name, detail address, Occupation, Mobile number, Email ID, Signature

80G Registration :

Donations made to a Charitable Trust registered under section 80G are permissible for 50% deduction from the taxable income of the donation made for such a person or an organisation making the donation.

12A Registration :

Section 11 and 12 of the Income- Tax Act 1961 are the most important sections of Income tax for Religious and Charitable trusts. The taxation of trusts formed with the objective of providing relief to the underprivileged, work for environment, general public benefit, religious purpose, etc fall under this section. The section defines what part of Income of such trust is taxable and what is exempt. The Income can be derived from capital gain from the assets of the Trust, its activities, or from donations.

Section 12AA of the new Income Tax act defines how a trust can register under these sections. An application is to be made using form 10A along with relevant documents to the Income Tax Commissioner. This is one time registration and to avail Tax exemption, NGO needs to register under section 12A.

Price of trust registration: Depends on details of trust.