The Indian Finance Ministry granted UIDAI a five-year income tax exemption until FY 2027-28.
The Indian Finance Ministry has granted UIDAI (Unique Identification Authority of India) a five-year income tax exemption until fiscal year 2027-28, covering various income sources such as grants, fees, service charges, and bank deposits. The exemption applies to assessment years 2024-2025 to 2028-2029, with conditions that UIDAI doesn't engage in commercial activities and maintains consistent activities and income sources. This tax relief was issued by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance.
August 14, 2024
3 Articles