Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income tax relief under section 10(46A) notified for real estate regulator, effective AY 2025-26, with conditional exemption</h1> The Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, grants specified income tax exemption to a state real estate regulatory authority constituted under the Real Estate (Regulation and Development) Act, 2016. The exemption applies from assessment year 2025-26, conditional on the authority's continued constitution under the 2016 Act and its pursuit of one or more purposes specified in section 10(46A)(a). An explanatory memorandum certifies that no person is adversely affected by the retrospective effect of this notification.