Director remuneration & capital gain of sikkimese” individua
This query is : Resolved
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
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
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- LTCG for Assmt year 26-27
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
