What is a Trust in India? & Advantages of Creating a Trust in India

How to Form an Indian Trust and Information about Trust Registration in India? In India, any person who has the right to contract can establish a public charitable trust that would benefit the poor, educate, treat them medically, and advance any cause of public benefit, among other things. There are two types of public trusts: registered and unregistered. Information on Trust Registration Certificates, How to form a Trust in India. Getting started Getting a Trust registered in India begins with writing a Trust Deed. The primary requirement for registering a Trust in India is the Trust Deed. Each state sets […]

Violations of Trust Registration Compliance Penalties

Penalties for civil and criminal offenses There is both a civil and criminal penalty for violating the provisions of the Trust deed. Sections 405 to 409 of the Indian Penal Code 1860 specify the punishment for criminal breaches of Trust. An application for a Tax Deduction Account Number Upon registration, a Trust or Institution should apply to the Assessing Officer for a tax deduction account number. For this purpose, the Trust or Institution can use form 49B provided by the IT department. All challans for payment of sum u/s 200 and TDS certificate, as well as returns u/s 206, 206A, […]

A Guide to Forming a Trust in India and the Advantages of Registering a Trust Here

There are various purposes for which a public charity Trust can be established in India, including poverty relief, education, medical treatment, and advancing any cause that is of public value. A public trust can be either registered or unregistered. This article discusses topics such as Trust Registration Certificates, How to Make a Trust in India, and How to Get a Trust Registration Certificate. Introduction An Indian Trust must be registered first by drafting a Trust Deed. The Trust Deed is the primary requirement for registering a Trust in India. It must be written on non-judicial stamp paper, and stamp duty […]