CBDT28 Jul 2026notificationPrepared by Complied AI

Exemption for Kerala Real Estate Regulatory Authority

Official title

notification no. 102/2026 f. no. 300196/88/2024 ita i / so 4191 e notification schedule iii table sl no 36 read with section 11 of the income tax act 2025 30 of 2025 in the case of kerala real estate regulatory authority

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What changed

The Central Government has notified the Kerala Real Estate Regulatory Authority (PAN: AAAGK1025N) for the purposes of Schedule III (Table: Sl. No. 36) read with section 11 of the Income-tax Act, 2025. This notification applies to specific income streams, including fees collected for the registration of projects, agents, or plots; fees for filing complaints and compensation; and government grants. The exemption is subject to conditions, including a prohibition on commercial activities, the requirement to file a return of income under section 263(9)(c)(xiii), and the maintenance of the nature of activities and specified income. Failure to comply with these conditions will result in the withdrawal of the exemption and the initiation of proceedings under the Act. This notification applies to the tax year 2026-27.

Who is affected: Kerala Real Estate Regulatory Authority (PAN: AAAGK1025N)
Required action: Refrain from engaging in any commercial activity.
File return of income in accordance with section 263(9)(c)(xiii) of the Income-tax Act, 2025.
Maintain the nature of activities and specified income unchanged throughout the tax years.
Key dates: Notification date — 28 Jul 2026
Consequences: Withdrawal of tax exemption and initiation of proceedings under the Income-tax Act, 2025 upon failure to comply with specified conditions.

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Source details

Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 28 Jul 2026
Document number: 102/2026
Issuing division: Central Board of Direct Taxes
Coverage area: direct-tax

Document text

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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.

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