Page 30 - Jan 2023 MSME PLUS Magazine JAN 23
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certificate from the Income Tax
Department. This certificate is called u/s If you can write your own trust deed –and
12A sure that you have done a good job –then
l Donations to the public charitable trusts all you need is the help of a notary who
are also exempted from tax (i.e. the will take your Trust Deed and prepare it
donor will not have to pay tax on the for presentation before the Registrar.
amount he donates to the trust). For this,
you need to acquire 80G certificate from After registration of the Trust, for
Income Tax Department. acquiring 12A and 80G certificates, you
l Usually lawyers and practicing CAs can may need to take services of a practicing
help you in registration of trust –but I CA. They charge hefty fee for these
guess a lawyer is better person if you services.
need help in formulating your Trust Deed.
CAs don't know the nitty-gritty of legal g§H$cZ : A°S>. Amßnmgmho~ qeXo
+
stuff. g§nmXH$, MEMS PLUS ‘m{gH$
26
