Tax exemption for regulatory authority: specified government grants, fees and related interest exempted subject to non-commercial and filing conditions. Central Government notifies Gujarat Real Estate Regulatory Authority as an Authority under clause (46) of section 10 of the Income-tax Act, 1961, declaring specified income exempt: (a) government grants or loan/advance; (b) fees or penalties from builders/developers, agents or other stakeholders under the Real Estate (Regulation and Development) Act, 2016; and (c) interest on such amounts, subject to conditions that the Authority not engage in commercial activity, maintain unchanged activities and income nature across the financial years, and file returns as required by clause (g) of sub-section (4C) of section 139.