U/s 10(46) of IT Act 1961 - Central Government notifies ‘‘Real Estate Regulatory Authority’ constituted by the Government of India in respect of the specified income arising to that Authority

U/s 10(46) of IT Act 1961 - Central Government notifies ‘‘Real Estate Regulatory Authority’ constituted by the Government of India in respect of the specified income arising to that Authority https://www.taxtmi.com/notifications?id=133305 Notification under clause (46) of section 10 of the Income-tax Act, 1961 notifies the Real Estate Regulatory Authority as a class of Authority for specified income: government grants/loans, fees/penalties from stakeholders under the Real Estate (Regulation and Development) Act, 2016, and interest on those receipts. The notification is conditional on no commercial activity, unchanged nature of activities and income, filing of return under clause (g) of sub-section (4C) of section 139, and filing an audit report with a chartered accountant's certificate confirming compliance. en-us Thu, 25 Jun 2020 00:00:00 +0530 Fri, 26 Jun 2020 10:49:00 +0530 TaxTMI RSS Generator U/s 10(46) of IT Act 1961 - Central Government notifies ‘‘Real Estate Regulatory Authority’ constituted by the Government of India in respect of the specified income arising to that Authority https://www.taxtmi.com/notifications?id=133305 Notification under clause (46) of section 10 of the Income-tax Act, 1961 notifies the Real Estate Regulatory Authority as a class of Authority for specified income: government grants/loans, fees/penalties from stakeholders under the Real Estate (Regulation and Development) Act, 2016, and interest on those receipts. The notification is conditional on no commercial activity, unchanged nature of activities and income, filing of return under clause (g) of sub-section (4C) of section 139, and filing an audit report with a chartered accountant's certificate confirming compliance. Notifications Income Tax Thu, 25 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133305