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Trust Registration in Chennai

Trust registration in Chennai is streamlined with Smartcorp, a trusted consultant offering a range of legal registration services aligned with government norms. We serve across Pallavaram, OMR, Tambaram, Adyar, Chromepet, Guindy, and Velachery, prioritizing top-notch service to meet your business needs. With extensive experience and expert professionals, Smartcorp ensures a swift and straightforward registration process.

Online trust registration in Chennai aims to uplift the underprivileged, with significant changes in the 2020 finance act introducing Section 12 AB, replacing 12 AA, and modifying sections 10(23C) and 80G. Trust registration is ideal for NGOs or non-profit organizations, typically categorized as public trusts serving the public's welfare.

Formed under the Indian Trusts Act of 1882, trust registration occurs easily online, simplifying the process compared to other business entities. State Governments regulate trusts, overseeing aspects like registration, property management, audits, and administration control.

A trust deed that is essential for Trust registration in Chennai is created on non-judicial stamp paper, requiring 12 A and 80G certificates from income tax authorities for compliance. Trusts operate with the aim to benefit society, and their registration process strives for simplicity and effectiveness.

Documents Required for Trust registration in Chennai

To get trust registration online, you'll need:

  • Two recent photos of each Trustee.
  • Identification documents like Aadhar Card, Voter ID, Driving License, Passport.
  • Trust Deed on Stamp Paper.
  • Copy of Property Registration.
  • Documentation like Electricity Bills, Property Tax Receipts.
  • For rented property, provide Rent Deed and Rent Receipt.
  • Obtain a No Objection Certificate from the Landlord if applicable.

Benefits of trust registration

  • Trusts can acquire land from the government.
  • Under the Income Tax Act, trusts can obtain an 80G certificate for various benefits.
  • Trust registration is gaining popularity.
  • Trusts can pool and utilize funds for a common cause.
  • They can avail tax benefits from the government, including service tax or income tax benefits.