Notification No. 100/2024-Income Tax | Dated : 12th August, 2024 under section 10(46) of the Income Tax Act, 1961 in the case of Unique Identification Authority of India
The Ministry of Finance’s Central Board of Direct Taxes (CBDT) has issued Notification No. 100/2024 on August 12, 2024, granting tax exemptions to the Unique Identification Authority of India (UIDAI) under clause (46) of section 10 of the Income-tax Act, 1961. The notification specifies that certain incomes received by UIDAI, including grants and subsidies from the Central Government, fees from various services, term/fixed deposits, and interest on bank deposits, are exempt from income tax. This exemption is applicable for the assessment years 2024-2025 through 2028-2029, covering financial years 2023-2024 to 2027-2028. The exemption is subject to conditions, such as UIDAI not engaging in any commercial activities, maintaining the nature of specified income unchanged, and filing income returns as required under section 139(4C) of the Income-tax Act. This move ensures that UIDAI’s operational and non-commercial income streams remain tax-exempt, supporting its ongoing functions as a statutory authority under the Aadhaar Act, 2016.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi
Notification No. 100/2024-Income Tax | Dated : 12th August, 2024
S.O. 3251(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 Government of India, in respect of the following specified income arising to the said Authority, as follows:
(a) Grants/Subsidies received from Central Government;
(b) Fees/ Subscriptions including RTI Fee, Tender Fee, Sale of Scrap, PVC card;
(c) Authentication, Enrolment and Updation service charges received;
(d) Term/Fixed Deposits; and
(e) Interest on bank deposits.
2. This notification shall be effective subject to the conditions that Unique Identification Authority of India –
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall be applicable for assessment year 2024-2025, 2025-2026, 2026-2027, 2027-2028 and 2028-2029 relevant for financial year 2023-2024, 2024-2025, 2025-2026, 2026-2027 and 2027-2028 respectively.
[Notification No. 100/2024/F. No. 300196/13/2023-ITA-I]
VIKAS SINGH, Director (ITA-I)
