A trust is a ‘relationship’ whereby property (any property) is held by one party for the benefit of another. A charitable trust is an irreversible trust established, of course, for charitable purposes.
Charitable purposes:You can set up a trust to promote charitable causes like “relief of the poor, education, medical relief and for promoting anything of public utility”.
Tax benefits: Trusts get freedom from payment of tax and donors to trusts can deduct the donation amount from their taxable income. That is another reason to set up a trust.
Estate/property planning: Ownership of property by more than one person is done best by a establishing a trust.
|Trust Registration||Obtaining DSC & DIN||Name Approval||Company Registration|
|TaxAdvizer will discussed the object clauses of your TRUST and explain you about the Document required and processing time which is about 3 to 7 days.||TaxAdvizer will make a draft Trust Deed as per the discursion had with the Trustees.||TaxAdvizer will registered the Trust deed at local Sub registrar office with the author /managing trustee as per the trust deed.||After registration of Trust deed with local sub-registrar office, our tax Advizer will apply for PAN application and bank Account.|