Certain income derived and earned by a Sikkimese individual are being exempt as per section 10(26AAA) of the Income Tax Act, 1961. Find which out of the following income, would be exempt in the hands of a Sikkimese indiv

CS Executive · Tax Laws · PYQS · December 2021
Certain income derived and earned by a Sikkimese individual are being exempt as per section 10(26AAA) of the Income Tax Act, 1961. Find which out of the following income, would be exempt in the hands of a Sikkimese individual in A.Y. 2021-22:
(A) Income from any source in the State of Sikkim
(B) Income by way of dividend
(C) Income from interest on securities
(D) All of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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