Trust Registration in Chennai
EarnLogic offers trustworthy services for trust registration in Chennai, excelling among companies with a decade of expertise. Our experienced professionals ensure timely registration across various areas like Pallavaram, OMR, Madhavaram, Kilpauk, Gopalapuram, Red Hills, and Perambur at affordable rates. Trusts primarily serve charitable purposes, involving an agreement between trustees managing property for these causes.
We aid individuals or groups in establishing boards under the Charitable Trusts Act 1957, especially beneficial for NGOs or non-profit organizations engaged in public charitable works. The Trustor transfers property rights to a trustee for the benefit of a third party. Trusts that can get online Trust registration in Chennai can be classified as public or private, with public trusts serving charitable or religious purposes, and private trusts catering to family or individual beneficiaries.
A trust deed, crafted on non-judicial stamp paper, is a crucial requirement for the trust registration process. Additionally, trusts need 12A certificates from income tax and 80G certificates from the Income Tax Act. Prior to charitable trust registration, having comprehensive knowledge about the process and associated fees is essential.
Documents required For Trust Registration
- Each Trustee's recent photographs
- Identity proof such as Aadhar Card, Voter ID, Driving License, Passport
- Trust deed on stamped paper
- Property registration copy
- Electricity bills,
- Property Tax Receipt For rented places: Rent deed and Rent receipt Landlord's No Objection Certificate.
What are the advantages of trust registration ?
- Trusts can acquire land from the government.
- Eligible for an 80G certificate under the Income Tax Act.
- Registered trusts can gain recognition.
- Trusts can obtain and utilize funds for communal causes.
- Involved in various charitable activities.
Things to be mentioned in the trust deed
- Trust name.
- Trustees' names and addresses.
- Settler's name and address (the one establishing the trust).
- Registered office address of the trust.
- Trust rules and regulations.
- Trust objectives.
This Trust deed is important for online Trust registration in Chennai.