12 August 2024

The Central Government has notified that the Unique Identification Authority of India (UIDAI) will be exempt from income tax under section 10(46) of the Income-tax Act, 1961. This exemption applies to specific income sources including grants from the Central Government, fees, service charges, term deposits, and interest on bank deposits. The UIDAI must not engage in commercial activities, must maintain the nature of its income and activities consistently, and must file income tax returns as required. The notification is effective for the assessment years 2024-2025 through 2028-2029, corresponding to the financial years 2023-2024 through 2027-2028.