Documents required for registration of a Charitable Trust
Self-attested copies of the Identity proof of the Trustor and the Trustees.
Address proof of the registered office.
Trust Deed on a Stamp-Paper.
NOC From the property owner.
Passport size photographs of the Trustor, Trustees and the Witnesses present at the time of signing the deed.
What is a Charitable Trust?
A Charitable Trust is an organisation where one person (Author) gives the right to use their property for the benefit of a third person. A trust is governed centrally, i.e., one person holds all the decision making power. A Charitable Trust is registered under the Indian Trust Act, 1882.
Types of Charitable Trusts
Living Trust: A trust founded while the Author is alive.
Testamentary Trust: A trust founded after the death of the Author.
Revocable Trust: A Trust which can be modified or cancelled by the author is known as Revocable Trust.
Irrevocable Trust: A Trust which cannot be revoked once established is known as Irrevocable Trust.
Why should you register a charitable trust?
Charitable Trusts play an important role in the development of the nation by supplementing government efforts.
Benefits of service tax
Benefits on Income tax
80G Certificate Benefit- Donations received by Charitable Trusts will have an exemption from Income Tax, under section 80G of the Income Tax Act.
How Taxolawgy can help you with Registration of a Charitable Trust
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