https://www.taxtmi.com/highlights?id=92818 The government has notified that a state real estate regulatory authority is exempt under section 10(46A) from income tax on specified income comprising government grants/loans/advances, fees and penalties under the Real Estate (Regulation and Development) Act, 2016, and interest on these amounts, subject to conditions that the authority does not engage in commercial activity, the nature of activities and specified income remain unchanged across financial years, and the authority files returns as required under section 139(4C)(g); the notification is given retrospective and prospective effect for specified assessment years. en-us Wed, 24 Sep 2025 20:40:00 +0530 Wed, 24 Sep 2025 20:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92818 The government has notified that a state real estate regulatory authority is exempt under section 10(46A) from income tax on specified income comprising government grants/loans/advances, fees and penalties under the Real Estate (Regulation and Development) Act, 2016, and interest on these amounts, subject to conditions that the authority does not engage in commercial activity, the nature of activities and specified income remain unchanged across financial years, and the authority files returns as required under section 139(4C)(g); the notification is given retrospective and prospective effect for specified assessment years. Highlights Income Tax Wed, 24 Sep 2025 20:40:00 +0530 https://www.taxtmi.com/highlights?id=92818