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<h1>Central Government Notifies Bihar RERA on Specified Income Tax Exemption for Assessment Years 2020-2025.</h1> The Central Government, under clause (46) of section 10 of the Income-tax Act, 1961, has notified the Real Estate Regulatory Authority (RERA) regarding specified income. This includes grants or loans from the government, fees or penalties from stakeholders under the Real Estate (Regulation and Development) Act, 2016, and interest earned on these amounts. The notification mandates that RERA must not engage in commercial activities, maintain the nature of specified income, file income returns, and submit an audited report with a chartered accountant's certificate. This applies to the RERA in Bihar for assessment years 2020-2021 to 2024-2025.