CBDT Grants Income Tax Exemption to Haryana RERA under Section 10(46) [Read Notification]
The Authority is also required to file its income tax returns in compliance with clause (g) of sub-section (4C) of Section 139 of the Income-tax Act
![CBDT Grants Income Tax Exemption to Haryana RERA under Section 10(46) [Read Notification]](https://images.taxscan.in/h-upload/2025/06/18/2049667-cbdt-income-tax-exemption-taxscan.webp "CBDT Grants Income Tax Exemption to Haryana RERA under Section 10(46) [Read Notification]")
The Central Board of Direct Taxes (CBDT) has granted exemption to Haryana Real Estate Regulatory Authority (HRERA), Gurugram, from income tax under clause (46) of Section 10 of the Income-tax Act, 1961. As per the notification, the exempted income includes: Amounts received as grants-in-aid or loans/advances from the Government;Fees and penalties collected from...
The Central Board of Direct Taxes (CBDT) has granted exemption to Haryana Real Estate Regulatory Authority (HRERA), Gurugram, from income tax under clause (46) of Section 10 of the Income-tax Act, 1961.
As per the notification, the exempted income includes:
- Amounts received as grants-in-aid or loans/advances from the Government;
- Fees and penalties collected from builders, developers, agents, or other stakeholders under the Real Estate (Regulation and Development) Act, 2016; and
- Interest income earned on the above receipts.
HRERA, which was established by the Haryana government in accordance with Section 20(1) of the Real Estate (Regulation and Development) Act, 2016, is essential to regulating the real estate industry, protecting the interests of homebuyers, and ensuring transparency and accountability between agents and developers.
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The CBDT's notification makes it clear that the exemption is conditional upon HRERA not engaging in any commercial activity. Additionally, the nature of the authority’s activities and income must remain unchanged throughout the relevant financial years. The Authority is also required to file its income tax returns in compliance with clause (g) of sub-section (4C) of Section 139 of the Income-tax Act.
The exemption applies to specific categories of income earned by the authority and has been made effective retrospectively for financial years 2018-19 to 2022-23, corresponding to assessment years 2019-20 to 2023-24.
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