Section 50A
Exemption from tax on income.
The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016.
About this Act
An Act to provide for, as a good governance, efficient, transparent, and targeted delivery of subsidies, benefits and services, the expenditure for which is incurred from the Consolidated Fund of India, to individuals residing in India through assigning of unique identity numbers to such individuals and for matters connected therewith or incidental thereto.
1[50A. Exemption from tax on income. -- Notwithstanding anything contained in the Income-tax
Act, 1961 (43 of 1961) or any other enactment for the time being in force 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.]
Notes
1. Ins. by Act 14 of 2019, s. 21 (w.e.f. 25-7-2019).