A notification to this effect was issued by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance.
“This notification shall be applicable for assessment year 2024-2025, 2025-2026, 2026-2027, 2027-2028 and 2028-2029,” it added.
UIDAI is a statutory authority established under the provisions of the Aadhaar Act, 2016, to ensure compliance with Aadhaar Act, and make regulations & rules consistent with the Act.
This notification would be effective subject to the conditions that UIDAI would not engage in any commercial activity; activities and the nature of the specified income shall remain unchanged throughout financial years.