As we know that “NGO” stands for “Non-governmental Organization” and that they are dedicated for the promotion of certain causes and betterment of certain aspects of life and society in general, whether it is in health, education, labour, environment, and other fields of life. while “trust” basically refers to the word trust itself.
A public charitable trust is related to the involvement of properties, especially in terms of land and building. Forming a trust is no rocket science, especially in today’s age. There exists no formal procedure to form a Trust and anyway it is also not necessary to register the Trust Deed. Trust involves two things, a Trustee and Beneficiary and both of them certain bond with each other. the Trustee has theright to manage the Trust according to his will and his future oriented intuitions about his business.Whereas on the other hand the beneficiaries, are exempted to have any role to play in the management of the Trust. In case of trusts where income applied for charitable or religious purposes, it is exempt from income tax u/s 10 or 11 of the Income Tax Act. Trust as form of business for carrying charitable activities is hugely popular.
If you are thinking to plan a Trust, then Funding NGO is the most relevant platform that will help you with your confusions, curiosities, questions and with your planning about your Trust.