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Trust

  • A charitable trust is started for charitable purposes and social causes.
  • It is said to be created for charitable purpose if it is created for advancement of education, religious purpose, promotion of public health, etc.

    • How to register:

  • Public trust is governed by general law whereas private trust is governed by Indian Trust Act.

    • The requirement of separate PAN:

  • Separate PAN issued

    • Trust Name:

  • Should not be identical to any existing trust or body corporate.

    • Taxes:

  • Income of charitable trust is exempt.

    • Limitations:

  • The activities of public trust cannot benefit anyone who is related i.e., family and friends
  • Cannot conduct any activities not mentioned in the trust deed.
  • Cannot carry out any political activity or support a political party.

    • Documents Required:

  • Covering letter for Trust registration to the Official having Jurisdiction
  • Application Form in Form – Schedule II – Duly Notarised
  • Court fee stamp of Rs.2 affixed to the application form
  • Certified copy of Trust deed.
  • Consent letter of Trustees.