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of <h1>Central Government exempts specified RERA income from tax under section 10(46), subject to conditions and filing requirements</h1> A Central Government notification under section 10(46) of the Income-tax Act exempts specified income of a state Real Estate Regulatory Authority (Jaipur, Rajasthan) from tax, limited to (a) grants-in-aid or government loans/advances, (b) fees/penalties under the Real Estate (Regulation and Development) Act, 2016, and (c) interest on (a) and (b). The exemption is subject to conditions: the Authority must not undertake commercial activity, the activities and specified income must remain unchanged across financial years, and the Authority must file returns as required by section 139(4C)(g). The notification applies retrospectively to assessment years 2023-24 through 2025-26 and forwards to 2026-27 and 2027-28; it is certified that no person is adversely affected by the retrospective effect.
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