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<h1>Odisha and Jharkhand Real Estate Authorities Exempted from Tax on Specified Income u/s 10(46) for Five Years.</h1> The Central Government has notified the Real Estate Regulatory Authority under section 10(46) of the Income-tax Act, 1961, exempting specified income from taxation. This income includes grants or loans from the government, fees or penalties from stakeholders, and interest earned on these amounts. The notification applies to the Odisha and Jharkhand Real Estate Regulatory Authorities for assessment years 2020-2021 to 2024-2025. Conditions include non-engagement in commercial activities, unchanged income nature, filing of income returns, and submission of audited reports with a chartered accountant's certification.