Trust Registration process can be created for the benefit of society. A trust can be registered by any person, group or an institution with minimum of two members. The formation of a trust generally takes 20-25 days time from the date of filing of an application. An NGO / Trust is recommended for the small charitable activities or the community.
To provide income Tax benefits to the “donors”, all NGO’s must apply for 80G & 12A certification. If an NGO gets itself registered under section 80G & 12A then the person or the organization making a donation to the NGO will get a deduction of 50% of donation amount from taxable income.
Section 8 Company is registered with the Ministry of Corporate Affairs, wherein NGO/Trusts and Societies are registered under the State laws. Section- 8 Company is recommended for the big operational activities like Research Center, Technical College, hospital etc.
The Societies Registration Act, 1860 is normally an association of persons united together by mutual consent to act jointly for some common purpose. The registration of entities usually involved in the benefit of education, art, religion, culture, music, sports, health, employment etc.
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