A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.
Trusts are created by settlors who decide how to transfer parts or all of their assets to trustees. These trustees hold on to the assets for the beneficiaries of the trust. The rules of a trust depends on the terms under which it was built on.
A trust is an agreement between group of individuals (called trustees) to manage property (movable or immovable including intellectual property rights) over which they have control either to benefit other individuals (called beneficiaries) or for charitable purposes.A Trust can either be a private trust or a public charitable trust. Private trusts are governed by the Indian Trusts Act (1882) and are used for private purposes, such as running a private estate or institution. Private trusts are not given any tax benefits by the Government of India. If you want to do some charitable work for public –you can set up a public charitable trust. India does not have a national level law to govern charitable trusts.
About the Company
Year of Establishment2009
Legal Status of FirmPartnership
Nature of BusinessService Provider
Number of Employees11 to 25 People
Annual TurnoverRs. 50 Lakh - 1 Crore
IndiaMART Member SinceDec 2011
We are one of the distinguished Chartered Accountants firm based in New Delhi. We offer reliable Assurance, Taxation & Accounting Services. We are a single point contact for answers to all complex questions related to Indian laws, regulations & taxation matters with in-house Chartered Accountants, Lawyers & Company Secretaries. Our substantial experience and extensive knowledge of the Corporate World and Government functioning often makes the solution very easy. We offer our services proactively with maintaining highest level of confidentiality & integrity.