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What is Public vs Private Trusts in India about?

There are two types of trusts in India - private trusts governed by the Indian Trusts Act of 1882 for private purposes, and public charitable trusts which can be set up to do charitable work for the public. Public charitable trusts may be governed by state-level acts and are given tax benefits by the government. A trust is registered through a trust deed document filed with the sub-registrar along with payment of fees. The trust deed must specify details like the settlor, trustees, trust name and objectives

Author

ShwetaHarlalka

Language

EN