U/s 10(46) of the Income-tax Act, 1961 Central Government notifies Madhya Pradesh Real Estate Regulatory Authority, a body constituted by Government of Madhya Pradesh, in respect of the specified income arising to that body - 39/2018 - Income Tax Act, 1961
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Tax exemption for regulatory authority: specified real estate fees and grants exempted subject to non commercial and filing conditions. Central Government notifies Madhya Pradesh Real Estate Regulatory Authority for the purposes of clause (46) of section 10, recognizing registration and application fees, penalties, late fees and compounding charges, grants in aid, and interest on those amounts as specified income. The notification is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and income character during the covered years, and filing its income tax return as prescribed; it is made effective from the financial year 2017-2018 and for subsequent specified years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for regulatory authority: specified real estate fees and grants exempted subject to non commercial and filing conditions.
Central Government notifies Madhya Pradesh Real Estate Regulatory Authority for the purposes of clause (46) of section 10, recognizing registration and application fees, penalties, late fees and compounding charges, grants in aid, and interest on those amounts as specified income. The notification is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and income character during the covered years, and filing its income tax return as prescribed; it is made effective from the financial year 2017-2018 and for subsequent specified years.
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