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U/s 10(46) of the Income-tax Act, 1961 Central Government notifies ‘Real Estate Regulatory Authority, Punjab’, an authority constituted by the Government of Punjab, in respect of the specified income arising to that authority - 65/2018 - Income Tax Act, 1961
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Tax exemption notification for specified income of a real estate regulator, subject to non commercial and filing conditions. Notification under clause (46) of section 10 designates Real Estate Regulatory Authority, Punjab as a notified authority for specified income comprising government grants, levies collected under real estate regulation laws, and interest thereon, subject to conditions that the Authority shall not engage in commercial activity, that activities and specified income remain unchanged across financial years, and that the Authority files income-tax returns as required by clause (g) of sub-section (4C) of section 139.
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 notification for specified income of a real estate regulator, subject to non commercial and filing conditions.
Notification under clause (46) of section 10 designates Real Estate Regulatory Authority, Punjab as a notified authority for specified income comprising government grants, levies collected under real estate regulation laws, and interest thereon, subject to conditions that the Authority shall not engage in commercial activity, that activities and specified income remain unchanged across financial years, and that the Authority files income-tax returns as required by clause (g) of sub-section (4C) of section 139.
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