Clarification of creation of existing trust.

Naga Prakash (Querist) 03 June 2023 This query is : Resolved
Dear Expert
My great grand father has created a oral temple trust during 1852 with houses for priest and shops for the income to the temple. Now the Banks are asking for KYC like trust deed and PAN. Is it possible to register the same Trust act in Karnataka and what is the stamp duty for the existing properties of the oral trust.

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An individual is seeking advice on registering an oral temple trust established in 1852, which requires documentation like a trust deed and PAN for bank KYC. They want to know if it's possible to register this existing trust in Karnataka, the associated stamp duty, and the general process for setting up a religious charitable trust in India, which typically involves obtaining a registration certificate from tax authorities.

Sudhir Kumar, Advocate (Expert) 03 June 2023
You register now.

kavksatyanarayana (Expert) 03 June 2023
I opine now you can't register it. Who are the trustees? Now who is looking after the Trust?

T. Kalaiselvan, Advocate (Expert) 04 June 2023
If you are looking to set up a religious charitable trust in India, then you will need to first obtain a registration certificate from the tax authorities. Once you have obtained this certificate, you can register your trust with the relevant state or central government agency.

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