Section 8 Charitable Company Registration in India
Online Charitable Trust Registration in India via Tax Robo. Section 8 Company Registration with TAX ROBO Easy. Know the process of doing an NGO Registration in India and get yours today.
Start with the customer – find out what they want and give it to them.
100% Compliance Support
All Financial Services in One Place
Incorporation of Section 8 Company
A Trust is a legal tool that allows a person (trustor) to give legal responsibility of their estate to another person (trustee) for a third party (beneficiary) to receive, usually after a certain period of time.
A charitable trust is an organization where people (trustors) donate money and assets which are taken care of by trust managers (trustees).
This money received in donations is used in public welfare activities such as providing financial help to NGOs working for the promotion of commerce, art, science, sports, education, research, religion, charity, protection of the environment, or other similar objectives.
Charitable Trust in India
It is possible to register a charitable trust in India under the Societies Registration Act, of 1860. Section 8 of the Companies Act, 2013 & Public Trust Act of various States in India.
Apart from the above legislation, the Income Tax Act, of 1961 also applies to charitable organizations.
Advantages of charitable trust registration
Charitable trusts get exemption from payment of Taxes.
Companies formed under Section 8 of the Companies Act, 2013 receive benefits such as exemption from various procedural provisions of the Companies Act, either fully or partially.
They are also entitled to exemptions that the Central Government may grant through its orders.
Donors to charitable trusts can deduct the amount of donation to the trust from their Taxable Income.
How to set up a charitable trust in India?
The following steps must be undertaken to register a charitable trust in India.
To form a charitable trust, the founder, also known as the author of the trust, must create a legal document stating objectives and functioning of the trust along with the responsibilities of trustees.
This document is also known as "Trust Deed".
An application must be submitted before the Registrar of the trust along with the trust deed.
The presence of two witnesses for signatures during registration is mandatory.
Once the application is submitted to the authorities, they examine it and if everything is correct, they register the Charitable trust officially and issue a "Trust Registration Certificate".
After a trust has been enforced, it must make sure to do the following :
Get PAN Card
Manage Books and accounts.
File Annual Income Tax.
In cases where Trust may need employees for carrying out various functions, a Shops & Establishment License.
I need professional help to set up my charitable fund in India. Whom should I contact?
Why look anywhere when Tax Robo is here?
We'll take care of every legal procedure that you might come across and get confused about during the registration of your Charitable Trust.
Not only we'll help you with establishing your trust but also assist in post-registration processes, which are sometimes too much to handle.
Just leave everything to us and Relax!
Charitable Trust Registration Packages
* All Exclusive
- Deed Drafting
- Digital Signature Certificate 2 Years Validity (2 Persons)
- Name Approval
- PAN & TAN
- GST Registration
- Incorporation Certificate
- Share Certificate
- Appoint First Auditor of the Company
Section 8 Company Registration Process Online in India - Simple Steps
Obtain DSC for Partners and Apply Name Approval
Incorporation Of Documents (Draft Sent To You For Confirmation)
File Spice + Forms
Get Incorporation Certificate, Pan, TAN & Bank Accounts
Procedures for Section 8 Company Registration
- For all the proposed directors of the company, DCSs and DINs are needed to make
- Getting approval of the name and reservation of the company through form INC-1
- Drafting MOA and AOA of the company
- For issuing the license INC-12 form needs to be filed under section 8
- Submission of forms, and other essential documents, like the power of attorney, Affidavits, etc.
- Through form INC-7, the application for registration of the company needs to be filed
- Receiving Incorporation certificate along with CIN (Company Identification Number
Documents Required For Incorporation Of A Private Limited Company
Scanned copy of PAN Card, Voter ID, Passport , Driving License
Registered Office Proof
No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property) / Registry Proof or House Tax Receipt (in case of owned property)
Latest Bank statement/ Utility bill in the name of director which should not be older than two months
Latest passport size photograph
Compliance After Incorporation Of Private Limited Company
✓ File GST return every month without delay
✓ PF & ESI return filing
✓ TDS Payments & Return filings
✓ Advance Tax payments
✓ File Income Tax return by every year before due date
✓ GST registration
✓ PF & ESI Registration if applicable
✓ Profession Tax registration
✓ Import & Export Code registration
✓ STPI Registration / SEZ registration
✓ Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc
Accounts & Operations
✓ Open a Bank account with one Private Bank and one scheduled Bank
✓ Get one accounting software with GST facility
✓ Review Financial Products performance by every 3 months
✓ Compare the budget amount with actual Financial Products results
" Tax Robo is the Ideal Firm for us, They Have Great Client Service, are willing to help with just about anything and are very experienced with our Industry. They take the time to discuss our objectives and always seem to get things done either on time or early. We like the fact that they are local and always within reach and overall they are just a nice group of people to work with."
" Always available and Extremely Knowledgeable, and a Tremendous "Can-Do" Attitude. Our Company was on a tight timeline and strict budget to Company Registration of a Private Limited Company, and will was the perfect partner. His Guidance and advise was valuable in Company Registration and Tax Compliance Which easily exceeded my expectations... the entire company was thrilled with it! Without any hesitation... highly recommended."
" Filing Income Tax Returns was always a Tricky Business. I once received a notice from Tax Officials starting I was disguising my total annual Income. Turns out I had missed mentioning one small point in my application. It was a troublesome experience. It was then I decided I would seek professional help. TAXROBO came into the picture after some research & I'm glad I found them. They took it upon themselves to compute my taxes precisely & also suggested tips to Invest in certain instruments to save the Tax Money. "