The Central Board of Direct Taxes (CBDT) has notified income-tax exemptions under clause (46) of section 10 of the Income-tax Act, 1961 to the following statutory authorities:
Real Estate Regulatory Authority, Rajasthan (Jaipur)
Notification No. 148/2025 dated 22.09.2025
- Exempted income includes:
- Grants/loans/advances received from Government
- Fees/penalties received under the Real Estate (Regulation and Development) Act, 2016
- Interest earned thereon
- Applicable for AYs 2023-24 to 2025-26 (FYs 2022-23 to 2024-25) and AYs 2026-27 to 2027-28 (FYs 2025-26 to 2026-27).
High Court Legal Services Committee, Chandigarh
Notification No. 149/2025 dated 22.09.2025
- Exempted income includes:
- Costs imposed by the Hon’ble Punjab & Haryana High Court
- Grants received from Central/State Governments, Government agencies and authorities
- Interest earned on bank deposits
- Applicable for AYs 2023-24 to 2025-26 (FYs 2022-23 to 2024-25) and AYs 2026-27 & 2027-28 (FYs 2025-26 to 2026-27).
Both notifications specify that these authorities shall not engage in any commercial activity, the nature of income shall remain unchanged, and they must file income-tax returns as per section 139 of the Income-tax Act, 1961.
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