Tax exemption for regulatory authority: specified grants, fees, RTI charges and deposit interest exempt subject to non commercial and filing conditions. Notification under clause (46) of section 10 exempts specified incomes of the Uttar Pradesh Real Estate Regulatory Authority: government grants or loans/advances; fees and penalties under the Real Estate (Regulation and Development) Act; RTI fees; and interest on bank deposits. The exemption is conditional on the Authority not undertaking commercial activity, maintaining unchanged activities and income nature across financial years, and filing returns under clause (g) of sub-section (4C) of section 139 of the Income-tax Act.
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 grants, fees, RTI charges and deposit interest exempt subject to non commercial and filing conditions.
Notification under clause (46) of section 10 exempts specified incomes of the Uttar Pradesh Real Estate Regulatory Authority: government grants or loans/advances; fees and penalties under the Real Estate (Regulation and Development) Act; RTI fees; and interest on bank deposits. The exemption is conditional on the Authority not undertaking commercial activity, maintaining unchanged activities and income nature across financial years, and filing returns under clause (g) of sub-section (4C) of section 139 of the Income-tax Act.
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