Notification under clause 46 of section 10 of the Income tax Act 1961 in the case of UIDAI

Last updated: 26 August 2023

Save Share

Quick Summary

The Central Board of Direct Taxes has issued a notification granting the Unique Identification Authority of India (UIDAI) an exemption from income tax. This exemption applies to specific income sources, including grants, subsidies, various fees, service charges, fixed deposits, and interest earned on these. The notification is effective retrospectively from assessment years 2019-2020 to 2023-2024.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 23rd August, 2023 S.O. 3782(E).In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Unique Identification Authority of India(PAN AAAGU0182Q), a statutory Authority established under the provisions of the AADHAAR Act, 2016 by the Govt. of India, in respect of

Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Notice & Circular 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)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

FAQ :

This notification grants the Unique Identification Authority of India (UIDAI) an exemption from income tax under clause (46) of section 10 of the Income-tax Act, 1961.

The exemption covers grants/subsidies from the Central Government, fees/subscriptions (including RTI Fee, Tender Fee, Sale of Scrap, PVC card), authentication, enrolment and updation service charges, term/fixed deposits, and interest earned on these.

Yes, UIDAI must not engage in any commercial activity, its activities and specified income nature must remain unchanged, and it must file its return of income as per the Income-tax Act.

This notification is deemed to have been applied for assessment years 2019-2020 to 2023-2024, corresponding to financial years 2018-2019 to 2022-2023.

Notification No : Notification No. 68/2023
Source : https://egazette.gov.in/WriteReadData/2023/248293.pdf

229 Views Comment Share Income Tax Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments