CBDT notification 101/2026 · 29 Jul 2026
Official title
notification no. 101/2026 f. no. 300196/88/2024 ita i / so 4190 e notification section 536 1 of the income tax act 2025 30 of 2025 in the case of kerala real estate regulatory authority
Official record
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Check the official recordThe Central Government has notified the Kerala Real Estate Regulatory Authority (K-RERA) for the purposes of Section 10(46) of the Income-tax Act, 1961. This notification grants tax exemption on specific income streams, including registration fees for projects, agents, and plots, fees for filing complaints or compensation, and government grants. The exemption applies retrospectively for assessment years 2023-24 through 2026-27. To maintain this status, K-RERA must refrain from commercial activities, ensure its income nature remains consistent, and file income tax returns under Section 139(4C)(g) of the 1961 Act. Failure to adhere to these conditions will lead to the withdrawal of the exemption and potential penal actions under the 1961 Act.
What you must do
Key dates
Who is affected
If you do not comply
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th July, 2026
S.O. 4190(E).— Whereas, section 10 (46) of the Income-tax Act, 1961 (43 of 1961) provided for exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be notified by the Central Government in the Official Gazette for the purposes of that section;
And whereas, the Income-tax Act, 1961 (43 of 1961) was repealed by section 536 (1) of the Income-tax Act, 2025 (30 of 2025);
And whereas, section 536(2)(a) and (b) of the Income-tax Act, 2025 (30 of 2025), inter alia, provides that irrespective of the repeal of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act of 1961) and subject to sub-section (4) thereof, nothing shall affect-
(i) the previous operation of the provisions of the Act of 1961 and any order or anything duly done or suffered thereunder; or
(ii) any right, privilege, obligation or liability acquired, accrued or incurred under the Act of 1961 or orders under that Act;
And whereas, section 536(2)(c) of the Income-tax Act, 2025 (30 of 2025) provides that the provisions of the Act of 1961 shall continue to apply to any proceeding pending on the date of commencement of the Income-tax Act, 2025 (30 of 2025) and to any proceedings initiated on or after the 1st April, 2026 (including notices, assessment, reassessment, recomputation, rectification, penalty, reference, revision and appeals) in respect of any tax year beginning before the 1st April, 2026 and such proceedings shall be carried out as per the procedure specified in the Act of 1961;
And whereas, section 536(2)(e) of the Income-tax Act, 2025 (30 of 2025) provides that any proceeding pending on the date of its commencement before any income-tax authority or any other authority constituted under the repealed Income-tax Act, Appellate Tribunal, or any court, by way of application, appeal, reference or revision or by any other means, shall be continued and disposed of as if this Act had not been enacted;
Now, therefore, in pursuance of the provisions of section 536(2) (a) to (c) and (e) of the Income-tax Act, 2025 (30 of 2025), the Central Government hereby notifies, for the purposes of section 10 (46) of the Act of 1961, “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.
This notification shall be effective subject to the conditions that the Kerala Real Estate Regulatory Authority – (a) shall not engage in any commercial activity; (b) its 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 provisions of section 139(4C) (g) of the Act of 1961.
Failure to comply with these conditions shall result in the initiation of penal actions under the provisions of the Act of 1961, and withdrawal of exemption granted under section 10(46) of the Act of 1961.
This notification shall be deemed to have been applied for assessment years 2023-24, 2024-25, 2025-26 and 2026-27 relevant for the financial years 2022-23, 2023-24, 2024-25 and 2025-2026.
[Notification No. 101/2026/F. No. 300196/88/2024-ITA-I] HARDEV SINGH, Under Secy.
Explanatory Memorandum It is certified that the interests of no person are being adversely affected by giving retrospective effect [with effect from the year of application filed before the Board or Income-tax Department] to this notification.
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.
