Quick Summary
The Central Board of Direct Taxes (CBDT) has notified the Fees Regulating Authority (PAN: AAAJF0167B), constituted by the Government of Maharashtra, for exemption under Section 10(46) of the Income-tax Act, 1961. The notification was issued by the Ministry of Finance on July 27, 2026. The move provides tax exemption on specified income earned by the authority and ensures continuity of benefits even after the repeal of the Income-tax Act, 1961 and the introduction of the Income-tax Act, 2025.
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1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
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FAQ :
The notification extends tax exemption benefits to the Maharashtra Fees Regulating Authority under Section 10(46) of the Income-tax Act, 1961.
Exempt income includes processing fees, interest, penalties, and other charges from educational institutions, reimbursements and grants from the Maharashtra government, and interest from bank deposits and investments.
Yes, the authority must not engage in commercial activities, its activities and income nature must remain unchanged, and it must file its income tax return correctly.
Yes, the CBDT has granted the exemption retrospectively for assessment years 2022-23 through 2026-27.
Failure to comply with the conditions may lead to penal action and the withdrawal of the granted tax exemption.
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