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.
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