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Compliance Calendar for the month of July, 2023 Simplifying Export Procedures: Tax-Free Supplies for International Trade


(Department of Revenue)



New Delhi, the 22nd October, 2018

S.O. 5368(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, ‘Gujarat Real Estate Regulatory Authority’, Gandhinagar, a body constituted by the Government of Gujarat, in respect of the following specified income arising to that body, namely:—

  • Grants and loans received from the State Government;
  • All fees received under the Real Estate (Regulation and Development) Act, 2016 and the Gujarat Real Estate (Regulation and Development) (General) Rules, 2017;
  • Sums realized by way of penalties under sub-section (2) of the section 76 of the Real Estate (Regulation and Development) Act, 2016; and
  • Interest accrued on (a) to (c) above.
  • This notification shall be effective subject to the conditions that Gujarat Real Estate Regulatory Authority, Gandhinagar,—
    • shall not engage in any commercial activity;
    • activities and the nature of the specified income shall remain unchanged throughout the financial years; and
    • 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.
  • This notification shall apply with respect to the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023 and 2023-2024.

[Notification No. 71 /2018/ F.No. 300196/44/2018-ITA


Under Secy.

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