Exemption certificate renewals now annual; trustees must certify compliance with relatives provision in income tax law.

Instruction No. 464/CBDT requires that renewals of income-tax exemption certificates be issued for one year instead of three, and that trustees jointly may be required to file a certificate stating the trust has not infringed the prohibition on benefits to relatives under section 13(1)(c), reflecting the enlarged definition of relatives and the introduction of Section 12A.

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