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The Central Government notifies the Real Estate Regulatory Authority, Himachal Pradesh, Shimla as a class of authority under section 10 clause 46 of the Income-tax Act, 1961. The notification applies to specified income from government grants, fees or penalties from stakeholders, and interest earned for financial years 2020-2021 through 2024-2025. The authority must not engage in commercial activity and must keep its activities and income nature unchanged. The authority must file its return of income and an audit report with a chartered accountant certificate.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th August, 2021
S.O. 3139(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’ as specified in the schedule to this notification, constituted by Government in exercise of powers conferred under sub-section (1) of section 20 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016) as a ‘class of Authority’ in respect of the following specified income arising to that Authority, namely:-
SCHEDULE
| S. No. | Name of the Real Estate Regulatory Authority | PAN | Financial Years |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1. | Real Estate Regulatory Authority, Himachal Pradesh, Shimla | AAAGR1176F | 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025 |
[Notification No. 86 /2021 F. No. 300196/11/2020-ITA-I] SOURABH JAIN, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
