Charitable trust

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Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2014 please tell me the procedure to start a charitable trust is there any registration to be made before start or just deed has to prepare??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 December 2014 Prepare a deed and register it under 12AA and 80G of the Income tax Act before start.

Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2014 Thanks for reply Sir is that mandatory to register under income tax? if is procedure?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 December 2014 If you register it your donation received and income earned will be exempted.

Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2014 thanks for reply Sir..Minimum and Maximum Trustee Required to form a charitable trust??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 December 2014 For registering a trust you need minimum two trustees (i.e. one settler and another person). You can decide the maximum number of trustees and this number must be mentioned in the trust deed. All the trustees together are called Board of Trustees. This board collectively governs the trust.
Unlike societies, in case of trusts all or some of the trustees can be related persons (i.e. they may belong to the same family)

Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2014 Thank You sir.one last question deed should be prepare on stamp paper ?..if S What is the Amount of Stamp Paper?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 January 2015 The trust deed should be executed on non-judicial stamp paper, the value of which would depend on the valuation of the trust property.

Querist : Anonymous

Querist : Anonymous (Querist)

05 January 2015 dear sir its charitable trust what will be the amount of paper should i take??its just small charitable trust

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 January 2015 You can do it on a Rs 500 stamp paper.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 January 2015 OK thanks you sir.really appreciate your answer..thank you

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