Public vs. Private Trust: Key Differences in Registration and Taxation lie in their purpose and beneficiary scope. Public trusts serve charitable or religious objectives and enjoy tax exemptions under sections 12A and 80G, while private trusts benefit specific individuals and are taxed as representative assessees. Registration, compliance, and documentation requirements differ signifi... https://www.skmcglobal.com/blog/public-vs-private-trust-key-differences-in-registration-and-taxation