Benefits Of Trust Registration
Benefits Of Trust Registration , such as making a structured legal framework for charitable or religious activities. It increases fundraising possibilities by granting tax exemptions under Sections 12A and 80G of the Income Tax Act, that allow contributors to claim deductions. A registered trust is more believable, which increases transparency and public trust. It protects resources and guarantees business continuity. Trust registration also makes it easier to obtain legal recognition, which makes it simpler to create bank accounts, get provides, and function smoothly under rules.