Income Tax
CBDT has issued Notification Nos. 99/2026 and 100/2026, both dated 27th July, 2026, notifying the Chhattisgarh Real Estate Regulatory Authority (PAN: AAAJC1049H) for exemption of its specified income under the Income-tax Act, 1961 and the Income-tax Act, 2025, respectively. The exemption covers government grants/loans, fees and penalties received from builders, developers, agents and other stakeholders under the Real Estate (Regulation and Development) Act, 2016, and interest earned thereon. The exemption is subject to the Authority not engaging in commercial activities, filing its income tax return as prescribed, and ensuring that its activities and the nature of its specified income remain unchanged. While Notification No. 99/2026 applies retrospectively to Assessment Years 2024-25 to 2026-27 under the Income-tax Act, 1961, Notification No. 100/2026 continues the exemption under the Income-tax Act, 2025 for Tax Years 2026-27 and 2027-28, thereby ensuring continuity of the tax exemption.
(Notification Nos. 99/2026 and 100/2026, both dated 27th July, 2026)
