(1) An exempt organization that has registered and obtained a tax exemption certificate in accordance with Rule 3 shall renew such certificate within one year from the date of the end of the income year.
(2) With the application for renewal in accordance with sub-rule (1), the application shall be submitted to the department in the format prescribed by the department along with the financial statements of the audited financial statements of the previous income year and the details and proofs of tax deduction and filing of advance tax.
(3) When the department investigates the application received according to sub-rule (2), if it is found that tax exemption will be granted, such certificate shall be renewed.
(4) If the tax exemption certificate received for renewal according to this rule is not in accordance with the format prescribed by the department, a new certificate will be issued instead of the previous tax exemption certificate.
(5) An organization that has received a tax exemption certificate will not be allowed to use the tax exemption facility unless the tax exemption certificate is renewed in accordance with sub-rule (1).