Central Govt Notifies Central Registry for Tax Exemption on Specified Income u/s 10(46) of Income-tax Act.

The Central Government, under section 10(46) of the Income-tax Act, 1961, has notified the Central Registry for Securitization Asset Reconstruction and Security Interest of India, established under the SARFAESI Act, 2002, regarding specified income. This includes fee income from Security Interest transactions, CKYC Records Registry, interest income on fixed deposits and savings accounts, and RTI application fees. The notification is effective with conditions that the body does not engage in commercial activities, maintains the nature of income, and files returns as per section 139. It applies retrospectively from 2013-2014 to 2017-2018.

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