Last month, UIDAI had bought shut 12 such web sites and cellular apps every.Last month, UIDAI had bought shut 12 such web sites and cellular apps every.New Delhi: The finance ministry has exempted the revenue of Unique Identification Authority of India (UIDAI) from cost of revenue tax for 5 years until fiscal 2027-28. The UIDAI is a statutory authority established below the provisions of the Aadhaar Act, 2016, to make sure compliance with Aadhaar Act, and make rules & guidelines in keeping with the Act.
Accordingly, grants/subsidies obtained from the central authorities; charges/ subscriptions, together with RTI payment, tender payment, sale of scrap, PVC card; authentication, enrolment and updation service fees obtained; time period/fastened deposits; and curiosity on financial institution deposits earned by UIDAI could be exempt from revenue tax.
A notification to this impact was issued by the Central Board of Direct Taxes (CBDT) below the Ministry of Finance. “This notification shall be applicable for assessment year 2024-2025, 2025-2026, 2026-2027, 2027-2028 and 2028-2029,” the notification stated.
This notification could be efficient topic to the circumstances that UIDAI wouldn’t interact in any industrial exercise; actions and the character of the desired revenue shall stay unchanged all through monetary years.�