Skip to main content

Procedure for Registration of Trust

Procedure for Registration of Trust
S No   Particulars / Requirements Remarks
       
1   Before you register your trust you will need to decide the following:  
     
a  Name of the trust  
     
b  Address of the trust  
     
c  Objects of the trust(charitable or Religious)  
     
d  One settler of the trust (Person who donates the property to the trust)  
     
e  Two trustees of the trust (who holds the propery on trust)  
     
f Property of the trust-movable or immovable property (normally a small amount of cash/cheque is given to be the initial property of the trust, in order to save on the stamp duty .
       
2   Prepare a Trust Deed on stamp paper of the requisite value (8% of the value of property of the trust in Delhi. The rate varies from state to state)  
       
3   Requirement for registration of Trust Deed with the Local Registrar under the Indian Trusts Act, 1882:  
     
a Trust Deed on stamp paper of requisite value (as stated on point no.2 above  
     
b One passport size photograph & copy of the proof of identity of the settler  
     
c One passport size photograph & copy of the proof of identity of each of the two trustees.  
     
d One passport size photograph & copy of the proof of identity of each of the two witnesses.  
     
e Signature of settler on all the pages of the Trust Deed  
     
f Witness by two persons on the Trust Deed.  
       
4   Go to the local registrar & submit the Trust Deed, along with one Photocopy, for registration. The photocopy of the Deed should also contain the signature of settler on all the pages. At the time of registration, the settler & two witnesses are required to be personally present, alongwith their identity proof in the original.  
       
5   The Registrar retains the photocopy & returns the original registered copy of the Trust Deed.  
Labels:

Comments

Post a Comment

Popular posts from this blog

Income Tax Department Grapples with 9.7 Million ITR Backlog, Taxpayers Await Refunds

The Income Tax (I-T) Department is facing a significant backlog of over 9.7 million verified income tax returns (ITRs) for the Assessment Year (AY) 2025-26, according to the latest official figures. As of Sunday, November 2, 2025, while the department has successfully processed a substantial 6.72 crore (67.2 million) ITRs, a staggering 97,07,702 verified returns remain in the queue, causing anxiety among taxpayers, especially those expecting refunds. The data, sourced directly from the Income Tax Department’s official portal and reflected in a screenshot from November 2, reveals the scale of the task. The department has received 8,01,81,924 filed returns, of which 7,69,31,814 have been verified by taxpayers. The gap between verified and processed returns constitutes the current backlog. (Screenshot of the Income Tax Department portal showing ITR statistics as on November 2, 2025) This delay is particularly troubling for individuals who filed their returns around the July 31...
Post a Comment
Read more

Form 10IEA Filing Requirements

Default Regime is New Regime for ITR Filing Form 10IEA Filing Requirements  ITR 1 - No Requirements to File Form 10IEA to Opt for old regime or re-entering to New Regime (No Switching Restrictions) ITR 2 - No Requirements to File Form 10IEA to Opt for old regime or re-entering to New Regime (No Switching Restrictions) ITR 3 - Form 10IEA Filing mandatory when opting for old regime and if opting again for New Regime in subsequent Year  (if opted old regime for one year and then opted for new regime in subsequent year then not eligible to opt old regime again means one time Switching option is there (Need to file Form 10IEA maximum 2 times only, First when you opt for old regime and Second when you opt for new regime in subsequent year and leaving old regime) (If Form 10IEA already filed for old regime for particular year then cant opt new regime in such year and vice-versa) ITR 4 - Form 10IEA Filing mandatory when opting for old regime and if opting again for New Regime in subse...
Post a Comment
Read more

ðŸšĻ ITR REFUND ALERT – READ THIS BEFORE 31 DEC ðŸšĻ

Thousands of taxpayers are suddenly receiving this message 👇 👉 “Your ITR refund is on hold due to risk management discrepancies. File revised return within a week.” ðŸ’Ą Irony? ⏳ Income Tax Dept took 4+ months to identify the issue ⏰ And now gives taxpayers barely a few days to fix it ❓ Why no detailed email received? Because most of these are system-generated risk flags. Sometimes:  • Email goes to old registered ID • Lands in spam • Or only SMS/portal alert is triggered 👉 Always check the ITR portal → e-Proceedings / Worklist 📌 What does “ITR processing on hold” mean? It does NOT mean notice or scrutiny ❌ It means:  ðŸ”đ Refund claim looks unusual compared to data available with department ðŸ”đ Return is paused before issuing refund ðŸ”đ Taxpayer is given a chance to self-correct ⚠️ Common reasons refunds get flagged : ðŸ”đ TDS/TCS mismatch TDS claimed in ITR is higher than what appears in Form 26AS (employer/bank hasn’t deposited or corrected data yet) ðŸ”đ AIS vs ITR income mismat...
Post a Comment
Read more