A Trust or Society is a popular legal structure for non-profit organizations aiming to promote social welfare, charity, education, health, religion, and similar causes. Both Trusts and Societies are formed to achieve specific social objectives while ensuring legal protection for the members and benefactors involved. Registering a Trust or Society provides legitimacy and allows the organization to gain public support and access funds or grants.
Legal Recognition: Registration provides the Trust or Society with a legal identity, making it easier to enter into contracts, acquire property, and receive funding.
Tax Benefits: Registered Trusts and Societies may avail of tax exemptions under sections such as 12A and 80G of the Income Tax Act, allowing them to raise donations and provide tax relief to donors.
Transparency: The registration process ensures accountability and transparency, making it easier to gain public trust and attract donations.
Perpetual Existence: A Trust or Society continues to exist despite changes in members or trustees, ensuring continuity in its objectives and activities.
Access to Funding: Registered Trusts and Societies can access government grants, donations, and foreign funding for their charitable causes.
Registering a trust or society offers a structured approach for managing charitable or social activities, ensuring legal recognition and tax benefits.
A registered trust or society gains formal recognition, enhancing credibility.
Enjoy exemptions from taxes on donations and income under applicable laws.
It provides a defined structure for governance and management, ensuring transparency.
Registered entities are eligible to receive funds and grants from various sources.
