Trust Registration

Trust Registration

A Trust is a non-profit organization focused on charitable, educational, or social causes, ideal for those aiming to create a positive impact in the community. Get expert assistance from TaxMyles for seamless online Trust Registration services.

  • Trust deed preparation – We draft legally sound trust deeds tailored to your needs.
  • Trust registration documents – We prepare and file all required documents for registration.
  • Tax exemptions – Guidance on obtaining tax exemptions for registered charitable trusts in India.
  • NGO registration – Assistance with registering your NGO online.
  • Simplified process – We make the trust registration procedure efficient and hassle-free.

Overview of Trust Registration

In India, trust registration is governed by the Indian Trusts Act of 1882. A trust involves the transfer of property from the owner to a trustee, with the goal of ensuring the fair distribution of assets to designated beneficiaries according to the terms of the trust deed.

Once established, the owner appoints a trustee to manage and allocate assets to the beneficiaries, which could include heirs, family members, or charitable organizations. The trust deed outlines the terms, identifies the beneficiaries, specifies the trustee’s responsibilities, and provides guidelines for asset management, all of which the trustee must follow diligently.

Registration Process

  1. Choose a Trust Name that complies with legal requirements.
  2. Draft the Trust Deed outlining the objectives, management, and rules of the trust.
  3. Submit Documents including identity proof and address proof of trustees and registered office address.
  4. File the Trust Deed with the appropriate authorities.
  5. Obtain Certificate of Registration once the registration is approved.
  6. Apply for PAN & TAN for tax purposes.

Documents Required for Trust Registration

To register a trust, the following documents are required:

1. Documents of Trustees and Settlors (Trustors)

  • PAN cards of all trustees and settlors
  • Government-issued identity proofs (such as Aadhar card, passport, or voter ID)
  • Residential address proofs (such as utility bill or bank statement)
  • Recent passport-sized colour photographs of all trustees and settlors

2. Documents for Registered Office Address

  • No Objection Certificate (NOC) from the property owner
  • Address proof of the registered office (such as electricity bill or rent agreement)
  • Copy of the property ownership document (if applicable)

3. Trust Deed

  • A properly drafted Trust Deed outlining the objectives, rules, and management of the trust, signed by the settlor and trustees.

Tax Advantages

  • Income Tax Exemptions for charitable purposes.
  • Donations made to the trust are eligible for tax deductions under Section 80G.

Why Choose TaxMyles for Trust Registration in India?

TaxMyles is a professional services firm specializing in complete trust registration and compliance solutions. We offer expert guidance throughout the entire trust management lifecycle, starting from the initial stages of trust formation and ensuring full legal compliance every step of the way.