Exemption from specified income U/s 10(46) of IT Act 1961 – ‘Unique Identification Authority of India’ - 100/2024 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 100/2024 New Delhi, the 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. [F. No. 300196/13/2023-ITA-I] VIKAS SINGH, Director (ITA-I)