Part II - AMENDMENTS TO THE AADHAAR (TARGETED DELIVERY OF FINANCIAL AND OTHER SUBSIDIES, BENEFITS AND SERVICES) ACT, 2016 (From Section 2 to Section 25)
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
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.