Registration of Societies & Trusts
To help clients register their societies or trusts under section 12A and 80G as per the laws and regulations set by the government and ensure that all the necessary documents and forms are filled and submitted accurately to avoid any legal issues in the future.
12A and 80G registration of societies or trusts are tax exemptions provided to eligible charitable trusts in India. 12A registration is required for availing tax exemption on the trust's income, while 80G registration is necessary for donors to claim tax deductions on donations made to the societies or trusts.
Preparation of Trust Deeds and Memorandum of Societies
To help in preparation and amend their deeds to make changes to the trust structure, beneficiaries, and other details. and ensure that all necessary procedures are followed and the amended deed is legally valid.
Maintaining books of accounts
Societies or Trusts accounting services help clients manage their finances and maintain accurate records of all the transactions made by the societies or trusts and ensure that all financial statements are prepared in accordance with the relevant accounting standards.
Filing Annual Returns
To provide societies or trusts tax filing services to help clients file their income tax returns and comply with all tax-related regulations and ensure that all the necessary forms are filled and submitted on time to avoid any penalties or legal issues.
Audit of Trust Accounts
Trust audit services are essential to ensure the financial statements of the trust are accurate, reliable and comply with applicable laws and regulation and assesses the internal controls, risk management and compliance framework of the trust. The audit report provides assurance to the stakeholders of the trust, including the beneficiaries, donors, trustees, regulators and other interested parties. It also helps in identifying potential areas for improvement and increasing the transparency and accountability of the trust.
Tax Compliances
A societies or trusts is subject to tax regulations, and it is essential to comply with all the rules to avoid penalties and legal issues. Some of the tax compliances related to trusts include filing income tax returns, paying taxes on the trust's income, and complying with TDS provisions and ensure tax compliances are met efficiently and effectively.
Advisory Services
These services include advising on the structure and distribution of assets, as well as strategies for effective governance and risk management. Additionally, advisory services may involve providing guidance on philanthropic initiatives and charitable giving, and developing policies and procedures to ensure compliance with relevant regulations and best practices. Overall, advisory services can help ensure that trusts operate effectively, efficiently, and in accordance with the interests and goals of all relevant stakeholders and providing advice on matters related to trust management and operations. And also providing comprehensive support and guidance to trustees and helping to ensure that the trust operates in compliance with all relevant laws and regulations.
Trust Compliance
Ensure trust compliance with Trust Advisory services in India
