Charitable trust

Shakti Prasad Palo (Querist) 29 October 2011 This query is : Resolved
Dear Experts,

I have made a registered trust deed in the sub-registrar's office. Is there any requirement to apply for trust registration number from the ADM office?

With Regards
Shakti Prasad Palo

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Sankaranarayanan (Expert) 29 October 2011
no need but the office will allot one number and give you

Shakti Prasad Palo (Querist) 29 October 2011
Dear Sankar sir,

The registration number is printed in the e-registration sheet and attached with the trust deed. Will this number solve the purpose?

do i need a pan card for my card? Please clarify

Regards
Shakti Prasad Palo

Sailesh Kumar Shah (Expert) 29 October 2011
Tricky question !!!!
Registration of charitable trust is lies on commissioner under section 12A not sub-registrar.

Shakti Prasad Palo (Querist) 29 October 2011
then what should i do sir?
shall i go to ADM office?

Sailesh Kumar Shah (Expert) 29 October 2011
what you have been done yet ? please elaborate.

Shakti Prasad Palo (Querist) 29 October 2011
till now, simply i have made the trust deed at the sub-registrars office.

Pls explain what things i require to operate the trust?

prabhakar singh (Expert) 29 October 2011
You need it to register with Income Tax Authorities also.

Shakti Prasad Palo (Querist) 29 October 2011
why sir, for collecting donations?

prabhakar singh (Expert) 29 October 2011
yes!and also for taxation .
your advised to visit their booklet on site
given below:

http://www.incometaxindia.gov.in/Archive/Assessment_CharitableTrusts_Institutions.pdf

Shakti Prasad Palo (Querist) 29 October 2011
thanks for the link sir

regards
shakti

Raj Kumar Makkad (Expert) 29 October 2011
If you have to ge tax rebate then your trust is required to be registered therein under section 12 of IT Act by showing accounts of last 3 years. So you now run your trust, file its I returns in time and after 3 years, get registration with IT Commissioner and get benefits accordingly.

Shonee Kapoor (Expert) 29 October 2011
Right.

If you want to collect donations and the expense/ collection is more than 50K per annum, you need to be compulsorily registered with Income Tax Department.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Sailesh Kumar Shah (Expert) 30 October 2011
Question:shall i go to ADM office?
Answer: there is no need to go.

Shakti Prasad Palo (Querist) 30 October 2011
Please clarify the following:

1. Do I need a PAN card for the trust?
2. What percentage of donation amount can be used as administrative expenses?
3. Can a trust hire part time employees and pay them salary?

I am disturbing the experts, but I have many queries.

Regards
Shakti Prasad Palo

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