A trust corporation is a practice governed by the Indian Trust Act, 1882, whereby a legal entity called a
trust is formed to administer property or assets for the benefit of beneficiaries or for a specific
charitable purpose. This document identifies the trustees who administer and administer the trust
assets in accordance with the purposes of the trust and legal requirements Although there is an option
to be registered with a trust, registration with the local deputy registrar or registrar of assurances gives
legal and valid recognition to the trust deed.

 The trust generally includes information such as the names
of the trustees, the beneficiaries, the purpose of the trust, the assets or property transferred to the trust
Trustees appointed in accordance with the terms of the trust manage the affairs of the trust on
responsibly, ensuring compliance with fiduciary duties and legal obligations Once established, a trust
operates as a separate legal entity that can acquire assets, enter into contracts, sue or be sued in its own
name Generally, the Trust administers charitable, educational, the exercise of a religious, or charitable
purpose, intended to benefit a particular community or community .

Tax exemptions can also be
claimed under Section 12A and Section 80G of the Income Tax Act, which encourage donations to trusts
for charitable activities In conclusion, inclusion of trusts in India provides individuals or organizations
with an organized plan to support social welfare, promote educational, religious, or other charitable
activities, or ensure the proper management and use of property for those who wish to benefit from it.