Commencement of Tax Laws: income tax, wealth tax and gift tax effective in Sikkim with specified commencement dates. Notification appoints commencement dates for central tax statutes in Sikkim: the Income-tax Act applies from the first day of the assessment year as to the relevant previous year; the Wealth-tax Act applies from the appointed date in respect of net wealth of residents on the specified valuation date; and the Gift-tax Act applies from the appointed date in respect of gifts made by residents on or after the earlier specified date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Commencement of Tax Laws: income tax, wealth tax and gift tax effective in Sikkim with specified commencement dates.
Notification appoints commencement dates for central tax statutes in Sikkim: the Income-tax Act applies from the first day of the assessment year as to the relevant previous year; the Wealth-tax Act applies from the appointed date in respect of net wealth of residents on the specified valuation date; and the Gift-tax Act applies from the appointed date in respect of gifts made by residents on or after the earlier specified date.
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