Formation of Trust

Mr. Rajaprased a trust and a company u/s 25 are two diff entities you need to confirm what you need to incorporate, the cost to incorporate a company under sec 25 would be somewhere around 10000/-. 

The income raised through bith will be exempted u/s 80G of the Income Tax act but then you need to file an application to get the exemption certificate at the income tax department. 

Adv. mohit 

9555772342

Trust      Act      &     Company      Act        are     separate.         What    is    u'r     aim    &    ultimate    goal????

I would like to form a trust with a group of peoples known to me who will contribute funds everymonth. We r planning to utilize these funds to help poor people.  I heared for getting exemption under 80G registeration is compulsory.  Please help me on the proceedures and cost.

My aim is to help poor on education from raising funds from puplic.  Ultimate goal is to help atleast 10 poor childrens every year by contributing Education fee, uniform etc.

MR RAJAPRASAD

U R advised to contact a civil lawyer at your locality and request him to draft a DEED OF CHARITABLE TRUST icorporatinng your aims and object. And he will also get it registered at the aoncerned Registry Office. After ur deed of charitable trust is registered you can apply for regn. under sec.12A/12AA before the commissioner of income tax and thereafter u hv to apply for exemption u/s 80G. The cost varies from place to place.

Bhanu Giri

Tax Management Consultant

Bokaro Steel City

09431191983

If you want to register a trust then you should register it under a the Trust Act. To form a trust you should have atleast 3 members and the Deed of charitable Trust should be registered in the Sub-registrar office and then you should register it under Income tax Act to get waiver in tax.

For More details:

Daniel & Boaz

Law Firm, Chennai- 9962999008.

email:- advocatechennai@yahoo.com