4.
Amendment of section 10.- In section 10 of the Income-tax
Act,-
(a) after clause (26AA) as omitted by the
Finance Act, 1997, the following clause shall be inserted
and shall be deemed to have been inserted with effect from
the 1st day of April, 1990, namely:-
'(26AAA) in case of an individual, being
a Sikkimese, any income which accrues or arises to him-
(a) from any source in the State of Sikkim;
or
(b) by way of dividend or interest on securities:
Provided that nothing contained in this clause shall apply
to a Sikkimese woman who, on or after the 1st day of April,
2008, marries an individual who is not a Sikkimese.
Explanation.-For the purposes
of this clause, "Sikkimese" shall mean-
(i) an individual, whose name is recorded
in the register maintained under the Sikkim Subjects Regulation,
1961 read with the Sikkim Subject Rules, 1961 (hereinafter
referred to as the "Register of Sikkim Subjects"), immediately
before the 26th day of April, 1975; or
(ii) an individual, whose name is included
in the Register of Sikkim Subjects by virtue of the Government
of India Order No. 26030/36/ 90-I.C.I., dated the 7th August,
1990 and Order of even number dated the 8th April, 1991; or
(iii) any other individual, whose name
does not appear in the Register of Sikkim Subjects, but it
is established beyond doubt that the name of such individual's
father or husband or paternal grandfather or brother from
the same father has been recorded in that register;';
(b) after clause (26AAA) as so inserted,
the following clause shall be inserted with effect from the
1st day of April, 2009, namely:-
"(26AAB) any income of an agricultural
produce market committee or board constituted under any law
for the time being in force for the purpose of regulating
the marketing of agricultural produce;";
(c) in clause (29A), after sub-clause (g),
the following sub-clause shall be inserted and shall be deemed
to have been inserted with effect from the 1st day of April,
2002, namely:-
''(h) the Coir Board established under
section 4 of the Coir Industry Act, 1953;";
(d) after clause (42), the following clause
shall be inserted, namely:-
''(43) any amount received by an individual
as a loan, either in lump sum or in instalment, in a transaction
of reverse mortgage referred to in clause (xvi) of section
47.". |
