Register your trust with Accotax and obtain tax exemption benefits.
A Trust is registered as a non-government organization and governed by Indian Trust Act, 1882. According to law, Trust is an arrangement by which property is handed over to or vested in a person, to use and dispose for the benefit of another person”. Trust Formation can be broadly classified by two methods.
Public Trust (Charitable Trust)- created for the benefit of the general public.
Private Trust formation-created for the benefits of the particular group of individuals known as beneficiaries.
Hire us for hassle free process and transparency and get your trust registered in a fast, incredible way. Therefore, our Trust Formation and NGO Consultancy services are appreciated by our clients for their timely completion and without any obstructions.
The person who is creating the Trust is called the Settlor and the person to whom the property is transferred to trust is called a Trustee. The person for whose benefit the property is transferred is called the beneficiary.
In India trust can be registered within 7 to 10 days after filling the Application form of Trust Registration work feasibly.
Documents Required for Trust Registration.
Self Attested Copy of PAN Card of all Trustee and settler along with witness.
Self Attested Voter Id/ Aadhaar of all Trustee and settler along with witnesses.
4 Passport Size Photographs of all Trustee and settler along with witnesses.
Latest Electricity Bill for Registered office of the Trust(Required Rent agreement or lease deed if the property is not in the name of partners).
Name of Trust.
Object of trust.
The Major elements of the Trust is summarised below
Author or Settler: One who forms the trust and transfers under irrevocable arrangement the property and its future benefits to the trust.
Trustee: A body of Individuals who undertake the management and safekeeping of Trust and its property.
Beneficiary: People who will benefit from the trust.
Asset or property: of the trust
Objective: of the Trust
Trust Deed: defining all relationships, responsibilities, rights, terms and conditions.