CBDT notifies Income Tax Exemption to 3 Organisations u/s 10(46)

The Central Board of Direct Taxes (CBDT) has granted income tax exemptions under Section 10(46) of the Income Tax Act, 1961, to three organizations: the Competition Commission of India (CCI), the Real Estate Regulatory Authority (RERA), and the Food Safety and Standards Authority of India (FSSAI). These exemptions apply to specific incomes such as government grants, fees, penalties, and interest income. The conditions for eligibility include not engaging in commercial activities and maintaining the nature of specified incomes. Each organization must file income returns and audit reports annually. These exemptions cover various financial years, extending up to 2025-2026 for CCI and up to 2022-2023 for RERA.