CBDT exempts income of Haryana Real Estate Regulatory Authority (RERA) u/s 10(46)

CBDT exempts income of Haryana Real Estate Regulatory Authority (RERA) u/s 10(46)

CBDT has issued Notification No. 100/2021 dated 4th Sep 2021 exempting income of Haryana Real Estate Regulatory Authority (RERA) PAN: AAAJH0631G u/s 10(46) of the Income Tax Act 1961. The specified income exempted is as under:

(a) Amount received as Grants-in-aid or loan/advance from Government;

(b) Fee/penalty received from builders/developers, agents or any other stakeholders as per the provisions of the Real Estate (Regulation and Development) Act, 2016; and

(c) Interest earned on (a) and (b) above.

The exemption shall be subject to the conditions that Haryana Real Estate Regulatory Authority, Panchkula-

(a) shall not engage in any commercial activity;

(b) activities and the nature of the specified income shall remain unchanged throughout the financial years;

(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961; and

• Bail granted to a CA accused in a GST evasion of more than 40 crores
• Every provision invoked casts a different onus, quoting wrong section prejudice the assessee
• Liability under MV Act can’t be decided on the grounds of sympathy alone – Supreme Court
• ICAI notifies dates of CA Foundation, Intermediate & Final Exams May 2026
• Interest u/s 234A can’t be levied on self-assessment tax paid before due date of filing ITR