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Core Purpose

The Central Government notifies the Kerala Real Estate Regulatory Authority for specific income purposes under Schedule III read with section 11 of the Income-tax Act, 2025.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, issued Notification S.O. 4191(E) on July 29, 2026. This notification, exercising powers under Schedule III [Table: Sl. No. 36] read with section 11 of the Income-tax Act, 2025 (30 of 2025), notifies the 'Kerala Real Estate Regulatory Authority' (PAN: AAAGK1025N) for specific income purposes. The Authority, constituted by the Government of Kerala under sub-section (1) of Section 20 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016), is covered for income including fees collected for registration of projects/agents/plot, fees for filing compensation and complaints, and government grants. This notification is effective subject to conditions: the Authority shall not engage in commercial activity; it shall file income returns per clause (c)(xiii) of sub-section (9) of section 263 of the Income-tax Act, 2025; and its activities and specified income nature must remain unchanged throughout the tax years. Failure to comply with these conditions will lead to withdrawal of the exemption under Schedule III [Table: Sl. No. 36] read with section 11 and initiation of proceedings under the Income-tax Act, 2025. This notification, identified as No. 102/2026/F. No. 300196/88/2024-ITA-I, applies for the tax year 2026-27.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-29072026-274936 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4021] NEW DELHI, WEDNESDAY, JULY 29, 2026/SHRAVAN 7, 1948 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th July, 2026 S.O. 4191(E).— In exercise of the powers conferred by Schedule III [Table: Sl. No. 36] read with section 11 of the Income-tax Act, 2025 (30 of 2025), (hereinafter referred to as the said Act), the Central Government hereby notifies for the purposes of the said clause, “Kerala Real Estate Regulatory Authority” (PAN: AAAGK1025N), an Authority constituted by Government of Kerala under sub-section (1) of Section 20 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016), in respect of the following specified income arising to the said authority namely:- (a) fees collected for registration of projects / agents / plot. (b) fees for filing compensation and complaint; and (c) government grants. 2. This notification shall be effective subject to the conditions that 'Kerala Real Estate Regulatory Authority' (PAN: AAAGK1025N),- (a) shall not engage in any commercial activity; (b) shall file return of income in accordance with the provision of clause (c)(xiii) of sub-section (9) of section 263 of the said Act; and. (c) activities and the nature of the specified income shall remain unchanged throughout the tax years. 3. Failure to comply with the conditions specified in paragraph 2 shall result in withdrawal of exemption under Schedule III [Table: Sl. No. 36] read with section 11 and initiation of proceedings under the said Act. 4. This notification shall be applicable for the tax year 2026-27. [Notification No. 102/2026/F. No. 300196/88/2024-ITA-I] HARDEV SINGH, Under Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR

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