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of <h1>Income Tax Act Section 10 Amended: New Clauses Exempt Sikkimese Income, Agri-Market Committees, Coir Board, Reverse Mortgage Loans</h1> Section 10 of the Income-tax Act is amended to include new clauses. Clause (26AAA) exempts income for Sikkimese individuals from sources within Sikkim, dividends, or interest on securities, excluding Sikkimese women married to non-Sikkimese after April 1, 2008. The definition of 'Sikkimese' includes individuals listed in the Sikkim Subjects Register or related to those listed. Clause (26AAB) exempts income of agricultural produce market committees from April 1, 2009. Clause (29A) adds the Coir Board to exempted entities from April 1, 2002. Clause (43) exempts amounts received as loans in reverse mortgage transactions.
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