Quick Summary
Introduction In a significant move, the Ministry of Finance has granted the Unique Identification Authority of India (UIDAI) a five-year exemption from paying income tax, effective until the fiscal year 2027-28. This exemption covers various sources of income, including government grants, service fees, and interest on bank deposits. Details of the Exemption According to the notification issued by the Central Board of Direct Taxes (CBDT), UIDAI will not be required to pay income tax on sever
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
The income tax exemption for UIDAI is granted for a period of five years, effective until the fiscal year 2027-28.
The exemption covers income from government grants/subsidies, fees and subscriptions (like RTI fees, tender fees, PVC card sales, authentication/enrolment charges), and interest earned on bank deposits.
Yes, the exemption is conditional upon UIDAI not engaging in any commercial activities and the nature of the specified income remaining unchanged throughout the exemption period.
The exemption applies to the assessment years 2024-2025 through 2028-2029.
UIDAI is a statutory authority established under the Aadhaar Act, 2016, responsible for overseeing Aadhaar-related operations and ensuring compliance with the Act.
CAclubindia
