H&G-Final

  Home  |   About us  |   Blog  |  Contact us   |  Login  |    +91 7600805842 |     info@hngebiz.com  

 +91 7600805842 |   Contact us   |   About us  

Annual Filing for Trust in India
Home » Services » Annual Filing for Trust in India

Get your Annual Filing of your Trust with us, starts at just Rs. 1999/-* Now to get started Pay Just Rs. 299/- , and the rest will be pay conveniently after processing begins.

  • 100% Online Process
  • Hassle Free Process
  • EMI Available
  • CA / CS Services
  • Free Consultation
  • 24 x 7 Assistance

H & G Ebiz Private Limited
H & G Ebiz Private Limited
5.0
powered by Google
review us on
js_loader

11-arrow
Quick Registration

Annual Filing for Trust in India

What is a Trust?

A trust is a legally formed organization where the owner is the trustor and beneficiary is the trustee. The main purpose of forming a trust is to ensure an effortless transfer of the property of the owner of the trust in the name of the beneficiaries (trustees) as per the provisions mentioned in the trust deed. All the registered trusts in India are governed by the Indian Trust Act 1882. The registered trusts in India, hence, shall have to adhere to the legal provisions of the said Act. These legal provisions, apart from the provisions of the registration and operation of the trusts, include the rules and regulations for the Annual Filing such as Income tax Return Filing, Audit Report Filing etc. for the Trust in India.

Types of Trust in India
  • Public Trust:
    A Public Trust is an organization created to benefit the public in general or different classes of people and is not restricted to a selected group of people. A trust created with a charitable or religious purpose shall be called Public Charitable Trust..
  • Private Trust:
    A Private Trust is an organization which is created for the advantage of a specific person or a specific class of people.
Jan-Business_team_3
Annual Filing of Trust India
  • Once a Private Trust is formed, it requires to comply with the provisions of multiple laws as mentioned below:
  • Indian Trust Act 1882
  • The Income Tax Act. 1961
  • Bombay Public Trust Act, 1950
  • Apart from this, the Private Trusts need to comply with the various provisions laid down by the State Legislation as well.
Why H & G Ebiz as Service Provider for Online Trust Annual Filing in India?
  • Entire team of H & G Ebiz consists of Highly qualified CA, CS, Lawyers and business administrators. H & G Ebiz would be a one stop destination for Company Compliance / ROC Compliance and filing and entire gamut of Professional and advisory services in India. H & G Ebiz has also come up with E-Retainer Concept, which is more than just Virtual CFO Services. Our Retainership Packages will absolve you of all worries of taking care of book-keeping, returns filing, advisory, HR, Payroll, Vendor Management and many other legal compliances. You may get in touch with our compliance manager on 09643203209 or email at info@ebizfiling.com for free consultation and to know more about the services provided by us
Documents required for Trust Annual Filing
Document Checklist
For Annual Filing of Trust in India, various documents are requireas follows:
  • Name & Address of the Trust
  • Name and Address and Aadhar Card of the trustees
  • PAN Card of the Trust
  • Audit Report prepared by CA (Including Audit report, Income and Expenditure Statement, Balance sheet, Contribution Calculation etc.)
  • Affidavit of the trustees
  • Other Documents, if any
  • Corpus certificate, if any
Fees for Annual Return Filing for Trust in India
Standard
  • 1999/-
  • ITR Filling for Trust
Buy
regular
  • 5999/-
  • ITR Filling for Trust
  • Accounting for Trust (up to 100 entries)
Buy
ADVANCE
  • 14999/-
  • ITR Filling for Trust
  • Accounting for Trust (up to 100 entries)
  • Statutory Audit of Trust
Buy
Process for Annual Return Filing of Trust Online
Image for TRUST Limited Company

Trust in India Compliance

Trust in India are required to maintain compliance under various Laws. Failure to maintain compliance can lead to penalty or disqualification of the directors.

H & G Ebiz Pvt Ltd can help you with accounting and maintaining statutory compliances for the company at a very affordable price point.

Some of the important compliances for companies registered in India are given below. Please note that additional forms will also be applicable as per government notification.

Other than these mandatory compliances, there are others that need to be done depending on the company’s timeline. H & G Ebiz also assists in increasing authorized capital, changing registered offices, change in directors and others.

Compulsory Auditing of Accounts of the Trust

In a Financial year, for non-taxable income, if the total income of a Private Trust goes above the limit of Income set under the Income Tax Act, 1961, then It is Mandatory to Audit the Financial Accounts of those Private Trusts.




Income Tax Return of Trust

Once the Financial Accounts of the trust is audited and an Audit Report is prepared by a qualified CA, the same shall be filed with the Income Tax Department along with the Annual Income Tax Return in Form ITR 7 on or before the due date..



TDS Certificate

If a Private Trust while paying salaries to the managing staff of the Trust deducts TDS then the trust is required to issue the TDS Certificates to the people on whose behalf the TDS was being collected. The TDS Certificates shall be issued within 1 month from the date of closure of the financial year.



Publication of Accounts in newspaper

If the trust generates annual income or receipts more than INR 1,00,00,000 from the property of the trust, then it is mandatory for the trust to publish its accounts in the newspaper..





GST Return Filing for the Trust

Except for the services that have been specifically exempted, all the services provided to the trusts shall be subjected to GST. In case of supply of goods by the Charitable Trusts, there is no exemption given. Hence, any sale or supply of goods by trusts, Charitable Trusts shall be liable to pay the GST..

Form 10A filing for charitable Trust

If the trust is registered with a Charitable or Religious purpose, then it should seek registration under section 12AB (Earlier Section 12A) and Section 80G to get the exemption under the Income Tax Act. For this purpose, the Public Charitable or Religious Trust is required to file Form 10A under the Income Tax Act.

 
+91 76008 05842 +91 76007 97648
Call us for best solution
wpChatIcon
wpChatIcon
Scroll to Top