AMENDMENTS TO THE AADHAAR (TARGETED DELIVERY OF FINANCIAL AND OTHER SUBSIDIES, BENEFITS AND SERVICES) ACT, 2016Aadhaar And Other Laws (Amendment) Act, 2019
AMENDMENTS TO THE AADHAAR (TARGETED DELIVERY OF FINANCIAL AND OTHER SUBSIDIES, BENEFITS AND SERVICES) ACT, 2016Aadhaar And Other Laws (Amendment) Act, 2019
Section 21 - Insertion of new section 50A- Exemption from tax on income
Aadhaar And Other Laws (Amendment) Act, 2019 Part II AMENDMENTS TO THE AADHAAR (TARGETED DELIVERY OF FINANCIAL AND OTHER SUBSIDIES, BENEFITS AND SERVICES) ACT, 2016
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Exemption from income-tax: the Authority's income, profits and gains are not subject to income tax under existing law. A new section 50A provides that, notwithstanding the Income tax Act or any other enactment relating to tax on income, profits or gains, the Authority ... Summary
Referred In :
The Aadhaar (Targeted Delivery of Financial And Other Subsidies, Benefits And Services) Act, 2016
Exemption from income-tax: the Authority's income, profits and gains are not subject to income tax under existing law.
A new section 50A provides that, notwithstanding the Income tax Act or any other enactment relating to tax on income, profits or gains, the Authority shall not be liable to pay income tax or any other tax in respect of its income, profits or gains, thereby creating an express statutory exemption for the Authority's receipts.
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