61. Income of Sikkimese individual [Section 10(26AAN] (With retrospective effect from 1-4-1990)
The following incomes which accures or arises to a Sikkimese individual shall be exempt from income tax—
income from any source in the State of Sikkim; or
income by way of dividend or interest on seëurities.
This exemption will not be available to a Sikkimese women who, on or after 1-4-2008 marries a non-Sikkimese individual.
62. Regulating the marketing of agricultural produce [Section 10[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 shall be exempted.
63. Income of a corporation set-up for promoting the interests of Scheduled Castes, Scheduled Tribes or Backward Classes [Section 1 0(26B)]
Income of such corporation or body, institutions or associations which are wholly financed by govt. and which have been set-up to promote the interest of above mentioned communities shall be fully exempted.
64. Income of a corporation set-up to protect the interests of Minorities [Section 10(26BB)]
Any income of a corporation established by the Central Government or State Government for promoting the interests of the members of such minority community as notified by the Central Government from time-to-time, is exempt from tax under section 10(26BB).
65. Any income of a corporation for ex-servicemen [Section 10(26BBB)]
From assessment year 2004-05, any income of a statutory corporation established by Central, State or Provincial Act for the welfare and economic upliftment of ex-servicemen (being citizen of India) is exempt from tax under section 10(26BBB).
“ex-serviceman” means a person who has served in any rank, whether as combatant or noncombatant, in the armed forces of the Union or armed forces of the Indian States before the commencement of the Constitution (but excluding the Assam Rifles, Defence Security Corps, General Reserve Engineering Force, Lok Sahayak Sena, Jammu and Kashmir Militia and Territorial Army) for a continuous period of not less than six months after attestation and has been released, otherwise than by way of dismissal or discharge on account of misconduct or inefficiency, and in the case of a deceased or incapacitated ex-serviceman includes his wife, children, father, mother, minor brother, widowed daughter and widowed sister, wholly dependant upon such ex-serviceman immediately before his death or incapacitatio.