UIDAI income exempted from I-T for five years
4 months, 1 week ago

UIDAI income exempted from I-T for five years

Deccan Chronicle  

New Delhi: The finance ministry has exempted the income of Unique Identification Authority of India from payment of income tax for five years till fiscal 2027-28. The UIDAI is a statutory authority established under the provisions of the Aadhaar Act, 2016, to ensure compliance with Aadhaar Act, and make regulations & rules consistent with the Act. Accordingly, grants/subsidies received from the central government; fees/ subscriptions, including RTI fee, tender fee, sale of scrap, PVC card; authentication, enrolment and updation service charges received; term/fixed deposits; and interest on bank deposits earned by UIDAI would be exempt from income tax. This notification would be effective subject to the conditions that UIDAI would not engage in any commercial activity; activities and the nature of the specified income shall remain unchanged throughout financial years.

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History of this topic

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Live Law  

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Live Law  

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Live Law  

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Live Law  

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Live Law  

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Live Law  

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Live Law  

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Live Law  

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India Today  

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Live Mint  

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