CBDT Notifies Kerala RERA for Section 11 Exemption Under Income-tax Act, 2025:
The Central Board of Direct Taxes, through Notification No. 102/2026-Income Tax dated 29 July 2026, has notified the Kerala Real Estate Regulatory Authority (PAN: AAAGK1025N), constituted under Section 20(1) of the Real Estate (Regulation and Development) Act, 2016, for the purposes of Schedule III [Table: Sl. No. 36] read with Section 11 of the Income-tax Act, 2025. The notification covers specified income comprising fees collected for registration of projects, agents and plots, fees for filing compensation and complaints, and government grants. The notification is subject to the conditions that the Authority shall not engage in any commercial activity, shall file its return of income in accordance with clause (c)(xiii) of sub-section (9) of Section 263 of the Act, and that its activities and the nature of the specified income shall remain unchanged throughout the tax years. Failure to comply with these conditions will result in withdrawal of the exemption under Schedule III read with Section 11 and initiation of proceedings under the Act. The notification is applicable for the tax year 2026-27.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 102/2026-Income Tax | Dated: 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.
