Act: Amendment to section 10(26AAA) of the Income-tax Act

New Delhi, 04 Apr 2023: Amendment to section 10(26AAA) of the Income-tax Act, 1961 by the Finance Act, 2023. Following the Hon’ble Supreme Court’s decision in Writ Petition (C) No. 59/2013 with 1283/2021, certain amendments have been made in clause (26AAA) of section 10 of the Income-tax Act, 1961 by the Finance Act, 2023.

For the purposes of removal of doubts, it is hereby clarified that the term “Sikkimese” defined for the purposes of the said clause, is only for the purposes of the Income-tax Act, 1961, and not for any other purpose.

The Income-tax Act, Wikipedia

The Income-tax Act, of 1961 is the charging statute of Income Tax in India. It provides for the levy, administration, collection, and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, of 1961 and the Wealth Tax Act, of 1957.

Act: Amendment to section 10(26AAA) of the Income-tax Act

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