The Ministry of Finance’s Central Board of Direct Taxes has issued a notification granting income tax exemption to the Real Estate Regulatory Authority (RERA) of Rajasthan. This exemption, outlined under section 10(46) of the Income-tax Act, 1961, applies to specific incomes received by the authority. These include grants or loans from the government, fees and penalties collected under the Real Estate (Regulation and Development) Act, 2016, and interest earned on these amounts. The RERA must not engage in any commercial activity and its specified income sources and activities must remain consistent. Additionally, the authority is required to file its income tax returns as per the provisions of the Income-tax Act.