Director remuneration & capital gain of sikkimese” individua

Save Share

This query is : Resolved

Raj Dutta (Querist)
Follow

29 September 2013 very urgent

Dear Members

Please clarify on the taxability of the following income

Assesse a Sikkimese” individual

1)Director Remuneration received from a Company Registered in the state of Sikkim

2) CapitalGain of sale of Mutual Fund

Thanks in Advance

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

29 September 2013 1. Exempted. Since the source of income resides in Sikkim. Refer Section 10(26AAA) (a).

2. Most likely taxable. as Rarely any mutual fund can be said to have source in Sikkim. However if it is LTCG, it shall be anyways exempt under normal provisions of the act.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now