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Trust Registration in India

The procedure for Trust Registration in India is effortless and simple. The person applying for Trust Registration in India is required to follow the guidelines prescribed by the competent authorities.

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Trust Registration in India

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  1. SWARITADVISORSPVTLTDPRESENTS TRUST REGISTRATION AGuidetoRegisterTrustinIndia

  2. ThisGuide Includes... TopicstobeCovered ConsultationOnProcess Information, search, andfilingofapplication Collectionofdocumentsandfilingwithapplication. Guidanceoncompliance SwaritAdvisorsPrivateLimited | 2020

  3. OVERVIEWOF TRUST REGISTRATION TrustRegistrationinIndiabeginswiththedraftingofaTrustDeed. TrustDeedis theprimaryrequirementintheprocessofTrustRegistrationinIndia. TrustDeed isformedonanon-judicialstamppaper; everystateinIndiahasfixeditsown rateonthestampduty. Theapplicantsarerequiredtobookanappointment withtheofficeofsub-registraroncehe/sheisdonewiththepreparationofTrust Deed. ItisessentialforallthetrusteesoftheTrusttoappearbeforethesub-registrar onthedateofappointmentalongwiththeTrustDeedandtwowitnesses. SwaritAdvisorsPrivateLimited | 2020

  4. WHATISATRUST? ATrustisanarrangementwhereownerortrustorofTrusttransfersthe propertytoatrustee. Suchtransferofpropertyisdoneforthebenefit ofathirdparty. Thepropertyistransferredtothetrusteebythetrustor alongwithaproclamationthatthepropertyshouldbeheldbythe trusteeforthebeneficiariesofthetrust. TheIndianTrustAct1882, providesfortheprovisionsrelatedtoTrustin India. TheTrustRegistrationisadvisableinIndiaforobtainingthe benefits.

  5. PUBLICTRUST APublicTrustistheonewhosebeneficiariesincludethecommon publicatlarge. Furthermore, aPublicTrustinIndiacanbefurther subdividedintoPublicReligiousTrustandPublicCharitableTrust. PRIVATETRUST InIndia, aPrivateTrustistheonewhosebeneficiariesinclude individualsorfamilies. Furthermore, aPrivateTrustinIndiacanbe subdividedintothefollowingcategories: APrivateTrustswhosebeneficiariesandrequisitesharesbothcan beeasilydetermined; APrivateTrustswhosebothoreitherthebeneficiariesorrequisite sharescannotbeeasilydetermined.

  6. AnNGOoratrustcanacquirea12AcertificatefromtheIncome TaxDepartmentofIndia. Thus, aTrustacquiringsucha certificatefromtheIncomeTaxDepartmentisexemptedtopay incometaxfortheentirelifetimeonthesurplusincome. WHATARETHE 12AAND80G CERTIFICATESIN THEPROCESSOF TRUST REGISTRATIONIN INDIA? Also, aNon-GovernmentalOrganizationisrequiredtoobtainan 80Gcertificate. This80GCertificateallowsdonors, thatis, organizationsorpersonsmakingdonationstoanNGOthatis 80Gcertifiedtoavailacertaindeduction. Thus, sucha deductionunder80GisgiventothedonorsunderSection80G oftheIncomeTaxActofIndia. SwaritAdvisorsPrivateLimited | 2020

  7. LEGISLATIONGOVERNING TRUSTREGISTRATIONIN INDIA Presentationsarecommunicationtoolsthatcanbeusedas demonstrations, lectures, speeches, reports, andmore. Further, aTrustcanreceiveprojectsandfundsmuchlikeaSociety. However, itissometimesquitechallengingtogetprojectsandfunds immediatelyaftertheTrustRegistrationinIndia. GetsRegistered. Hence, toacquireprojectsorobtainfunds, aTrustneedstomeet certainminimumeligibilitycriteria. Suchcriteriamayincludethe relevantperformanceofaTrust, experience, age, andotheressential parameters. Furthermore, aPublicCharitableTrustinIndiahastoberegistered withtheofficeofthecharitycommissionerwhohasjurisdictionover thePublicTrust.

  8. Benefitsof Trust Registration ALOTSOFBENEFITSARETHERE...

  9. TheprimaryreasonbehindcreatingaTrustinIndiaistoindulgeinsomecharitableactivitiesand,TheprimaryreasonbehindcreatingaTrustinIndiaistoindulgeinsomecharitableactivitiesand, atthesametime, alsoavailthebenefitsoftaxexemption. Thesecharitabletrustsarealsocalledas Non-ProfitOrganizations. ATrustformedinIndiahastobealegalentityifitwantstoavailofallthebenefitsassociatedwith thetrustthatareofferedbythegovernment. TheFederalLawsandtheIndianTrustActmakesit mandatoryforallsuchentitiestogetregisteredundertheCharitableTrust. ATrustDeedisverynecessarytoregisteracharitabletrustinIndia. Hence, acharitableregistration isalsocalledaTrustDeed. TheStateandFederalLawDepartmentsinIndiagiveacollectionofassetstomanagethe commonpeopleandcharitableassociations. Thisprocedureofcollectionofassetshugely helpsthosedonorswhowanttolendtheassetstothetrusts, makingthetrusteesfully expectingthereceiptoftaxbenefits.

  10. IMPORTANTTHINGSCONSIDER BEFOREREGISTRATION TRUSTDEED PRIVATETRUST VS. PUBLIC TRUST NUMBEROF TRUSTEES TAXBENEFIT TrustRegistrationinIndia cannotbedonewithout themostvitaldocument calledtheTrustDeed. Thedocumentalso containsthelistofallits beneficiariesandnarrates thepowerofthetrustees. AftertheTrust Registrationprocessin India, thepublictrusts canenjoytheprivileges offeredbythe government. Public TrustsinIndiaarealso eligibletoavailofthetax exemptionbenefits. Nomaximumlimitis definedforthetotal numberoftrusteesfora TrustinIndia. Butatleast twotrusteesare essentiallyrequiredatthe timeofTrustRegistration inIndia. PrivateTrustsinIndiaare governedandregulated bytheIndianTrustsAct, 1882. SwaritAdvisorsPrivateLimited | 2020

  11. TRUSTDEED IDPROOFOFTHESETTLER DOCUMENTS REQUIREDFOR TRUST REGISTRATION IDENTITYPROOFOFEACHTRUSTEE PANCARD ININDIA ADDRESSPROOFOFTHEREGISTEREDOFFICE NOCSIGNEDBYTHELANDOWNER. SwaritAdvisorsPrivateLimited | 2020

  12. PROCESSOFTRUSTREGISTRATION CHOOSEAN DECIDETHE AUTHORSAND FORMULATEMOA ANDDEED PREPARATION & SUBMISSIONOF CERTIFICATEOF APPROPRIATE REGISTRATION NAME TRUSTEES DEED Itcontainstherules andregulationsof theTrust. This documentalso containsthelaws regardingthe removal, changes, or additionofthe TrusteestotheTrust. Afterthesubmission oftheTrustDeed withtheRegistrar, theregistrarwill retainthephotocopy oftheDeedand returntheoriginal registeredcopyof theTrustDeed. Thereisno specificallydefined provisionwith regardstothe numberofsettlersor authors. However, in mostofthecases, thereisgenerally onlyoneauthorofa Trust. AsaTrust, the applicantisrequired topreparetheTrust Deedonastamp paperandsubmit thesamealongwith properlyattested photocopiesofall thenecessary documents thenameso suggestedbythe applicantshouldnot comeunderthe restrictedlistofthe namesasperthe provisionsofthe EmblemsandNames Act, 1950

  13. Comeinforachat! MAINBRANCHADDRESS BlockHPlotNo. 55, GroundFloor, Sector63 , Noida, UP PHONENUMBER +91-9821399320 EMAILADDRESS ho@swaritadvisors.com Source: Source: https://swaritadvisors.com/trust-registration https://swaritadvisors.com/trust-registration

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