Trust Registration in Jaipur

1. ľíustRegistíationinJaipuí ľíust Registíation is goveíned by the Indian ľíust Act, 1882 wheíe the authoí (owneí)assignstheíightsofthepíopeítytoatíusteesothatthebeneficiaíy i.e. the thiíd peíson can take benefit out of it. ľhe tíust is caííied out by way of aninstíumentcalledatíustdeedwhichisfoímedonanon-judicialstamppapeí aspeíthestampíatesofthediffeíentstates. ľíust Deed is the coíe document that defines the íeason foí the foímation of tíust, details of the authoí, tíustee, and beneficiaíy. It lays down all the woíking and functioning of the tíust until its closuíe. ľhe tíust deed is íegisteíed with the sub-íegistíaíoftheconceínedjuíisdiction. ľheLegalWindowwillpíovideyouwithallseívicesíegaídingľíustRegistíation inJaipuí. AdvantagesofľíustRegistíation Eveíy ľíust has its legal entity sepaíate fíom its membeís it is capable of filing suits against any peíson oí any membeí. ľhe íegisteíed tíust can file a suitanywheíeinIndiaandanystateevenifitisnotíegisteíedinthat paíticulaístate Registíationof tíustgivesitalegalstatusandthatisveíy impoítant because of vaíious íeasonslikeopeningthebankaccounts,Obtainingíegistíations andappíovalsundeíIncomeľaxAct,andlegallyvestingpíopeíties. ľhe tíust cantakethetaxbenefitafteíapplyingfoíthe12AA/80GCeítificate. Boththetíustand theinvestoíget taxexemptions. Paítiesundeíľíust

2. Authoí/ľíustoí: ľíustoí is a peíson who wants to tíansfeí píopeíty and íeposes confidenceinanotheífoíthecíeationofthe tíust. ľíustee: A tíustee is a peíson who accepts the confidence foí the cíeation of thetíust Beneficiaíy: A beneficiaíy is a peíson who will be benefited fíom the tíust shoítly. ľypesofľíust Píivateľíust Apíivatetíustisfoíaclosedgíoup. Inotheíwoíds,thebeneficiaíiescanbe identified.Foíexample,tíust iscíeatedbetweenthe íelatives andfíiendsof theauthoí. Publicľíust It is a tíust foímed foí public, íeligious, oí chaíitable puíposes oí both and includes a temple, oí any íeligious oí chaíitable institution foímed eitheí foí a íeligiousoí chaíitablepuíposeoíboth. DocumentRequiíed PANCaídofľíustoí,ľíustee,Beneficiaíy Self-attestedcopies ofIdentity Píoof(ľíustoí,ľíustee, Beneficiaíy) Photogíaphofľíustoí,ľíustee,Beneficiaíy AddíessPíoofofRegisteíedOffice PíocessofľíustRegistíation CompletetheApplicationÏoím Youaíe íequestedtofiístfilloutthesimplequestionnaiíe píovidedbyouíexpeít team. DocumentPíocessing Inthesecond step,wewill be íequiíingthedocumentsbythequestionnaiíefilled by you so thatwecanaííangethemaspeítheíequiíementandfoí píocessing. DíaftingofľíustDeed

3. Once thedíaftisíeadyfíomouíside wewillshaíea díaft of the samewithyoufoí final appíoval. Ifyoufind thesameinoídeíthefinalcopywill beshaíedinadayand if coííections oí additions aíe íequiíed then the same will be íevised and veíified by ouí team ľíustRegistíation Afteí the appíoval of the tíust deed fíom youí side, we will apply foí the íegistíation ofľíustbefoíetheSub Registíaíandupdateyouíegaíding thesameviamail. 12Aand80GCeítificates Income ľax Depaítment issues 12A ceítificates to the tíusts oí NGOs that aíe involved in social welfaíe. Such ceítificate is issued foí 5 yeaís and can be íenewed afteí making an application and is not liable to pay Income tax foí the entiíe lifetime on its suíplus income. Additionally, an NGO can also apply foí an 80G ceítificate. ľhis ceítification píovides the donoí benefit undeí Income ľax Actasadeduction. Compaíison between ľíust,Societies,andSection8 Company