Comprehensive Guide to Trust Registration

Trust registration is a vital legal process that establishes a fiduciary relationship where assets are transferred from a settlor to a trustee for the benefit of beneficiaries. It ensures legal recognition, transparency, and protection of the trust's assets. Trusts in India are primarily divided into two categories: private trusts, which benefit specific individuals or groups, and public trusts, which serve charitable or religious purposes. The key benefits of registering a trust include legal recognition, tax exemptions under the Income Tax Act, asset protection, and increased public confidence.