https://www.taxtmi.com/notifications?id=140701 Notification under clause (46) of section 10 of the Income-tax Act, 1961 notifies Real Estate Regulatory Authorities as a class of Authority whose specified incomes are exempt, namely amounts received as grant-in-aid or loan/advance from Government, fee/penalty received from builders/developers/agents or other stakeholders under the Real Estate (Regulation and Development) Act, 2016, and interest earned on those receipts; exemption subject to non-engagement in commercial activity, unchanged activities/income across years, and filing returns under clause (g) of sub-section (4C) of section 139. en-us Fri, 01 Sep 2023 00:00:00 +0530 Sat, 02 Sep 2023 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140701 Notification under clause (46) of section 10 of the Income-tax Act, 1961 notifies Real Estate Regulatory Authorities as a class of Authority whose specified incomes are exempt, namely amounts received as grant-in-aid or loan/advance from Government, fee/penalty received from builders/developers/agents or other stakeholders under the Real Estate (Regulation and Development) Act, 2016, and interest earned on those receipts; exemption subject to non-engagement in commercial activity, unchanged activities/income across years, and filing returns under clause (g) of sub-section (4C) of section 139. Notifications Income Tax Fri, 01 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140701