Date: 2026-07-29Category: Extra OrdinaryState: Union GovernmentCountry: India
Notification Schedule III Table Sl No 36 read with section 11 of the Income Tax Act 2025 (30 of 2025) in the case of Kerala Real Estate Regulatory Authority
**Executive Summary**
The Ministry of Finance, Department of Revenue, has issued Notification S.O. 4191(E) to grant income tax exemptions to the "Kerala Real Estate Regulatory Authority" (K-RERA) for specific income categories. This notification is issued under the Income-tax Act, 2025, and is applicable for the tax year 2026-27. To maintain this status, the Authority must adhere to strict filing and operational conditions.
**Key Points / Main Content**
**Exempt Income Categories**
* **Registration Fees:** Income collected from the registration of real estate projects, agents, and plots.
* **Filing Fees:** Revenue generated from fees for filing compensation claims and complaints.
* **Government Support:** Grants received from the government.
**Operational Conditions for Exemption**
* **Prohibition of Commercial Activity:** The Authority is strictly prohibited from engaging in any commercial activities.
* **Stability of Operations:** The nature of the specified income and the Authority’s activities must remain unchanged throughout the relevant tax years.
* **Reporting Requirements:** The Authority must file its return of income in accordance with the provisions of section 263(9)(c)(xiii) of the Income-tax Act, 2025.
**Consequences of Non-Compliance**
* Failure to meet the specified conditions will result in the immediate withdrawal of the tax exemption.
* The Central Government will initiate legal proceedings under the Income-tax Act in the event of a compliance failure.
**Impact Analysis**
**Kerala Real Estate Regulatory Authority (K-RERA)**
**Impact**
The Authority receives a tax-exempt status for its primary revenue streams—registration fees, complaint fees, and grants—for the 2026-27 tax year, reducing its tax liability.
**Action Required**
The Authority must ensure it does not engage in commercial ventures, maintains the nature of its specified activities, and files its annual income tax returns as mandated by the Act.
**Central Board of Direct Taxes (CBDT) / Income Tax Department**
**Impact**
The Department establishes a legal framework for the tax treatment of K-RERA and gains the authority to monitor its activities for compliance.
**Action Required**
The Department must oversee the Authority’s filings and initiate proceedings if the specified exemption conditions are breached.
Key Entities Referenced
Income-tax Act, 2025: The primary legislation under which the Central Government notifies tax exemptions for specific incomes of designated authorities.
Kerala Real Estate Regulatory Authority: The primary subject of the notification, an authority established by the Kerala government whose specific incomes are notified for tax exemption.
Real Estate (Regulation and Development) Act, 2016: The governing act under which the Kerala Real Estate Regulatory Authority was constituted.
Central Board of Direct Taxes: The regulatory body under the Ministry of Finance responsible for issuing this notification and overseeing direct tax provisions.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-29072026-274936
CG-DLxx-xEG-I2D9H0x7x2x0 26-274936
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 4021] नई दिल्ली, बधु िार, िलु ाई 29, 2026/श्रािण 7, 1948
No. 4021] NEW DELHI, WEDNESDAY, JULY 29, 2026/SHRAVAN 7, 1948
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 29 िुलाई, 2026
का.आ. 4191(अ).— केंद्र सरकार आयकर अधिधियम, 2025 (2025 का 30) की िारा 11 के साथ पठित
अिुसूची III [ताधिका: क्रम संख्या 36] द्वारा प्रदत्त शधियों का प्रयोग करत े हुए (इसके बाद उि अधिधियम के रूप में
संदर्भित), एतद्द्वारा “केरि ठरयि एस्टेट धियामक प्राधिकरण” (पैि: AAAGK1025N), िो दक ठरयि एस्टेट
(धिधियमि और धिकास) अधिधियम 2016 (2016 का 16),की िारा 20 की उप-िारा (1) के तहत केरि सरकार द्वारा
गठित एक प्राधिकरण ह,ै उि प्राधिकरण को उत्पन्न होिे िािी धिम्नधिधित धिर्दष्टि आय के संबंि म ें उि िंड के प्रयोजिों
के धिए अधिसूधचत करती ह,ै धिम्नािुसार ह:ै
(क) पठरयोजिाओं/ अजभकताडओं /भिू ंडों के पंजीकरण के धिए एकत्र की गई िुल्क।
(ख) मुआिजा और धशकायत दजि करि ेहेत ु प्राप्त िुल्क; तथा
(ग) सरकारी अिदु ाि।
5805 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अधिसचू िा इस ितों के अधीन लागू होगी दक केरि ठरयि एस्टेट धियामक प्राधिकरण (पैि: AAAGK1025N),–
(क) ककसी भी व्यािसाधयक कायकड लाप म ेंसंजलप्त िहीं होगी;
(ि) उि अधिधियम, 2025 की िारा 263 की िारा (9), उप-के िडं (ग)(xiii) के प्राििाि के अिुसार आय की
धििरणी दाधिि करेगी; तथा
(ग) इसके कायडकलाप और धिर्दिष्ट आय की प्रकृधत पूरे कर िर् डमें अपठरिर्तित रहेगी।
3. पैराग्राफ 2 म ेंधिर्दष्टि शतों का पािि करिे म ें धिफिता के पठरणामस्िरूप िारा 11 के साथ पठित अिसु ूची III
[ताधिका: क्रम सख्ं या 36] के तहत छूट िापस िे िी जाएगी और उि अधिधियम के तहत कायििाही शुरू की जाएगी।
4. यह अधिसचू िा कर िर्ि 2026-27 के धिए िागू होगी।
[अधिसूचिा स.ं 102/2026/फा. स.ं 300196/88/2024-आईटीए-I]
हरदेि ससंह, अिर सधचि
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 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.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.