Specified income exemption for a real estate regulatory authority depends on non-commercial activity, return filing, and unchanged income sources. Specified income exemption is notified for the Chhattisgarh Real Estate Regulatory Authority under Schedule III read with section 11 of the Income-tax Act, 2025. Eligible income includes government grants, loans or advances, regulatory fees and penalties, and interest earned on such receipts. The exemption is conditional on no commercial activity, required income-tax return filing, and continuity of the Authority's activities and specified income. Non-compliance results in withdrawal of the exemption and initiation of proceedings.
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.
Specified income exemption for a real estate regulatory authority depends on non-commercial activity, return filing, and unchanged income sources.
Specified income exemption is notified for the Chhattisgarh Real Estate Regulatory Authority under Schedule III read with section 11 of the Income-tax Act, 2025. Eligible income includes government grants, loans or advances, regulatory fees and penalties, and interest earned on such receipts. The exemption is conditional on no commercial activity, required income-tax return filing, and continuity of the Authority's activities and specified income. Non-compliance results in withdrawal of the exemption and initiation of proceedings.
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