Registration requirement for tax exempt trusts: amendment makes formal registration a precondition for exemption eligibility. The amendment makes registration under the prescribed registration provision an explicit precondition for a trust or institution to qualify under the income tax exemption clause by substituting the clause's concluding words to require such registration, effective from the commencement date in the amending enactment.
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Registration requirement for tax exempt trusts: amendment makes formal registration a precondition for exemption eligibility.
The amendment makes registration under the prescribed registration provision an explicit precondition for a trust or institution to qualify under the income tax exemption clause by substituting the clause's concluding words to require such registration, effective from the commencement date in the amending enactment.
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