Plz clarify me how a educational and charitable trust can be formed....what time it take..nd how much investment u need in first time.............its urgent..
1 Replies
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 01 June 2010
u need to get registered under Indian Societies Act or Indian Trust act and the initial investment upto my perception will be below Rs 1,00,000. u Have to file an application under the respective stautute and get the minimum number of persons.
Also, u have to get registered under income tax act 1961 (U/S 12 and 80G)
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