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What are documents required for Registration of Trust and for obtaining approval under Section 80G of The Income Tax Act, 1961.

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What are documents required for Registration of Trust and for obtaining approval under Section 80G of The Income Tax Act, 1961.

In this article we discuss about the documents required for Registration of Trust and for obtaining approval under Section 80G of The Income Tax Act, 1961.  

Normally, four set of documents are required for application for registration of Trust. Same set of documents for obtaining approval under section 80G.

First of all, one Checklist should be prepared on the letterhead of the trust. In this Checklist, mentioned the following list of documents.

Following Four Original Set of Documents prepared.

1.Prepare Covering letter for submission of the documents.

2.Bank Account Statement Xerox  Copy– Front Page and Transaction Entry Page.
Note:If the trust is old not over one year, otherwise copies of Balance Sheet and Income and Expenditure Accounts for last 3 years.

3.Copies of Last 3 years Balance Sheet, Profit & Loss Account along with the copies of Income Tax Return.

4.Form No. 10 A duly signed by any one trustee.

5. Annexure A to Form 10 A – stating the details of Trustees – Names & Residential Address of each trustees.

6.Copy of Trust Deed or any other document which created the trust.

7.Form No. 10 G duly signed by any one trustee.

8.Copy of Minutes of first Meeting of the Trust specifying appointment of President, Secretary and Treasurer etc. (only for new trusts) In case of others copy of latest minutes where such appointment was made.

9.Note on objects of trust (same as per object clause of Trust Deed).

10.Details about future projects of the trust (Justification about charitable nature of activities, what projects / activities trust propose to  take in next  3 to 5  years  & hence requirement of the funds).

11.Xerox copy of PAN Card.

12.Xerox copy of Registration certificate under Bombay Public Trust Act and / or  Societies Registration Act. Last 80G approval Letter.

13.Certificate for non-violation of Section 13(1)(c).

14.Certificate declaring non-receipt of any domestic or foreign grant and donation.

15.Certificate declaring investment u/s 11(5) of the Income Tax Act, 1961.

16.Certificate declaring Bankers of the trust.

17.Stamp paper of Rs. 100/- in favor of the trust for giving Power of Attorney.

18.Court fee stamp of Rs. 5/-

After Completing the above set of documents, An application for registration of trust is to be filed in proscribed to the Principal Commissioner or Commissioner.

On receipts of the application, the Principal Commissioner or Commissioner shall call for such documents or information as he necessary  to satisfy himself about the genuineness of the activities of the trust.  Commissioner may also make further inquiries  as he may deem necessary.

If Commissioner satisfied then pass an order in writing for registering the Trust. If Commissioner not satisfied then refusing to register. before refusing, Opportunity of being heard shall be given to the applicant.

Every order for granting or refusing registration shall be passed within 6 month from the end of the month in which the application is received by the Commissioner.

Read other article “What is a Trust? How Trust is Created, Type of Trust”.

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