Home / Trust Registration

Updated on 15 Jun 2021    9.00 AM IST | 4 min read

What is Public Trust?

Public trust is an organization or NGO made for the benefits of the people. Its main purpose is to eradicate poverty, provide education to underprivileged children’s, providing medical reliefs etc. The general aim of a trust is to promote arts, science & literature. Trust cannot be amended or terminated without court permission. In order to govern the public trust, there are no specific laws in India. However, some states have their own public trust acts. For ex – Maharashtra & Tamil Nadu.

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Contents of Trust deed

The trust deed is the most important document which defines the formation of a trust, its working, its functions & its closure.

The important clauses in a trust deed are as follows –

  1. Name of the trust
  2. Registered office
  3. Objectives
  4. Area of operation
  5. Assets of the trust
  6. Details of the founder
  7. Details of board of trustees
  8. Powers & functions of management trustee & other trustees.
  9. Quorum of the board along with the terms, tenure & qualification.
  10. Amendment & closure of the trust deed and the applicability of the act.

Documents Required for Trust Registration in India

The documents required for the registration of the trust are as follows –

  • ID proof of the founder of the trust
  • Registered office address proof (ownership document or rental agreement)
  • Properly drafted trust deed.
  • Two witnesses.

Reason for registering a Trust

As per public trust act, trust registration is mandatory in all states, if its main motive is charity or a transfer of immovable property in the name of the trust. Tax exemptions are also provided to the registered trust under section 12A & 80G of the income tax act. Registration adds more credibility to the trust as it involves public money in the form of donations.

Trust Compliances

After doing registration, the founder of the trust should apply for the following things –

Constitution of the Trust

Board of trustees forms the trust and comprises of the following persons –

  • Founder or author of the trust
  • Managing trustees
  • Other trustees

Quorum of Board of trustees should not exceed maximum of 21 members.

Tax exemption applicability for Trust

It is a general belief that trust need not have to pay tax as its main aim is to work for the benefit of the people but it’s not true. Trust is a legal entity like others and is liable to pay tax. In case, if trust wants tax exemption, it has to obtain certification from income tax authorities for tax exemptions such as section 12A, 80G etc.

How Finacbooks help in registering a Trust in India?

Finacbooks is a leading Indian portal providing accounting, finance & taxation services to small businesses. We are having more than 10 years of experience helping trust founders in providing trust registration as well as tax exemption certificates at a least possible price. We will guide you through the entire process of trust registration. To avail the best deals on trust registration, kindly call us at 8800221252 or you can also e-mail us at info@finacbooks.com

Trust Registration FAQ’S

No, trustees are not having the right to sell the property of the trust. It can be sold only after obtaining the prior permission from the civil court.
Yes, government members or employees can become a part of NGO only in case if the organization aim is not profit making and its employees do not draw any salary from NGO.
No, there is no certification for trust registration but it is recommended to register your trust deed with appropriate authorities.
A trust cannot be closed due to its irrevocable nature. A trust can be merged with another trust having similar aims & objectives with the court permission because of the following reasons –
  1. Mismanagement of the trust
  2. Absence of trustees
  3. Disqualification of trustees

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Due Dates

  • Due date for deposit of Tax deducted/collected for the month of May, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

    Jun 07th ,2021
  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for May 2021

    Jun 10th ,2021
  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for May 2021

    Jun 10th ,2021
  • GSTR 6 (Details of ITC received and distributed by ISD) Monthly Filing Due Date for May 2021

    Jun 13th ,2021
  • Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of April, 2021

    Jun 14th ,2021
  • Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of April, 2021

    Jun 14th ,2021