A trust is a legal entity that is created to hold assets for the benefit of others. Trusts can be used for a variety of purposes, including charitable, religious, educational, and personal reasons. Register your NGO as trust in Delhi with Trust Deed, PAN Card and TAN Number. Trust Registration in Delhi easy online process. To Start the process chat with our experts.
The Indian Trusts Act, 1882 governs the legal foundation for trust registration in Delhi. This law governs the establishment, operation, and dissolution of trusts in India. Trusts are permitted to be established under this law for a number of objectives, including charitable, religious, educational, and social activities.
The trust registration process involves the following parties:
Trusts can be classified into various categories based on the activities they undertake. Here are the different types of trusts:
Generally, public trusts are established to benefit the general public. They often established for charitable, educational, or religious purposes. The most popular types of public trusts in India are charitable and religious trusts.
A private trust is one that is created primarily for the benefit and welfare of certain individuals or members of a family. A private Trust can be established for the benefit and welfare of a family member or individuals and for the administration and preservation of property
The following requirements must be completed in order to be eligible for trust registration:
The first step in trust registration is to choose a unique and meaningful name for the trust. The name should not be similar to any existing trust or company name or trademark. Trust name would not be like that its creating confusion between govt body and private body.
The trust deed is a legal document that outlines the trust’s objectives, beneficiaries, trustees, and rules for managing the trust. The trust deed must be drafted by a legal expert and must comply with the Indian Trusts Act, 1882, and other state-specific laws.
Once Trust Deed drafting work get completed, please get your e-stamp paper of correct value and to take appointment for visit to Sub-Registrar office and to submit the application for trust registration to the Registrar in Delhi. The application must be accompanied by the following documents:
After submitting the application, Sub-Registrar will verify the documents and may conduct a physical verification of the registered office if needed. Once the verification is complete, the Registrar will issue a certificate of registration to the trust.
After receiving the certificate of registration, the trust must apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.
Trust registration safeguards your assets from risks like lawsuits, creditor claims, and financial downturns. Placing your assets in a trust can help reduce loss in unforeseen circumstances.
Trusts being non-profit entities are subject to many tax exemptions under the Income Tax Act. The exact provisions may vary based on the type of trust and jurisdiction of registration
Registering a trust provides a level of privacy and confidentiality. Unlike public entities, trusts are not required to disclose beneficiaries or details about the trust’s activities publicly.
Charitable trusts promote philanthropic endeavors to make a positive impact on society. You can enjoy tax benefits on your personal contributions to registered trust
Once the trust is registered, it must comply with various post-registration requirements, including:
A trust is an organization created for charitable or religious purposes. Trusts are governed by the Indian Trusts Act, 1882, and are registered with the Registrar of Trusts in the relevant state.
Any person, including a non-resident Indian (NRI) or a foreign national, can create a trust in India.
There are several benefits of registering a trust, including:
You can check the status of your trust registration by contacting the Registrar of Trusts in the relevant state.
While it is not mandatory to register a trust in Delhi, registering a trust offers several advantages, such as legal recognition, tax benefits, and credibility. Registered trusts enjoy certain exemptions and benefits under the law, making it easier for them to raise funds, avail tax benefits, and gain the trust of donors and stakeholders.
A trust and a society are both legal entities that can be established for charitable or social welfare activities. The main difference lies in their legal structure and operational requirements. In a trust, the assets are held and managed by the trustees, while in a society, there is a governing body or managing committee comprising members who oversee the society’s affairs.
Registered trusts in Delhi are eligible for various tax benefits. They can avail of income tax exemptions under Section 11 and Section 12A of the Income Tax Act, 1961, for income earned from charitable activities. Additionally, donations made to registered trusts are eligible for tax deductions under Section 80G of the Income Tax Act, encouraging individuals and organizations to contribute to the trust’s cause.
Our Trust Registration fee in Delhi is Rs.5999/- + Govt fee
The duration of the trust registration process can vary depending on various factors, including the completeness of the documentation, the workload of the Registrar of Trusts, and any additional scrutiny required. On average, the trust registration process in Delhi can take anywhere from a few weeks to a few months.
