All registered trusts in India have access to several tax exemptions offered by the Income-tax department. Since the object of the Trust doesn’t revolve around profit generation, like NGOs, they are eligible to avail various tax relaxations.

The Section 17 of the Indian Registration Act 1908 deals with the documents that are compulsory to be registered. As per section 17, in case a Trust is declared by a non-testamentary instrument, the registration of a trust is necessary.

Advantages of Trust Registration

• Trusts get land from the government.
• Trust registered under the Trust Act uses Gov. registered name.
• Tax benefits.
• 80G certificate benefit.
• White money for constriction of building.
• Benefit on service tax or income tax.

Documents list for Trust Registration:

• Name of the trust
• The registered office of the trust
• Area of operation of the trust
• Objectives of the trust
• Details of the Author of the Trust
• Corpus/Assets of the Trust
• Details of the Board of Trustees
• Quorum of the Board with their qualification, terms and tenure
• Powers and functions of the Managing Trustee and other Trustees
• Closure and amendment of the trust deed and the applicability of the Act