MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 11th October, 2024
S.O. 4400(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
(43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Real Estate Regulatory
Authority, New Delhi (PAN AAALR1691Q)’ an Authority constituted 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
that Authority, namely:-
(a) Amount received as Grant-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) & (b) above.
2. This notification shall be effective subject to the conditions that the ‘Real Estate Regulatory Authority, New
Delhi
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(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;
3. This notification shall be applicable for the financial years 2018-2019 to 2022-2023 relevant to assessment
years 2019-2020 to 2023-2024 respectively.
[Notification No. 109 /2024/F. No. 300196/57/2018-ITA-I]
VIKAS SINGH, Director ITA-I