Sikkimese individuals not exempted from Wealth Tax: BJP
SE Report
GANGTOK, August 13: The Sikkim State Bharatiya Janata Party (BJP) has said that the Sikkimese individuals are not exempted from Wealth Tax.
Vandana Ramachandran of the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, Government of India has said this in a reply when the BJP sought information whether Sikkimese individuals are exempted from Wealth Tax, Gift Tax, Property Tax.
“Wealth Tax is chargeable @ 1% of net wealth exceeding Rs. 15, 00, 000. There is no gift tax liability as gift tax has been abolished. Property tax is not a direct tax since it is a tax levied by local municipal authorities on property,” it was informed.
In a party communiqué, general secretary, CB Chettri has said that any Sikkimese having assets as movable and immovable combined together above Rs 15 lakhs may have to pay wealth tax.
“This is nothing but imposition of tax which Sikkimese had never paid earlier. Let the SDF party and the SDF Government explain the fall out of this to the people of Sikkim,” he said.
Reiterated that the extension of Indian Income tax with exemption to Sikkimese individual is the dilution of the provision of the Article 371 F (k) of the Constitution of India and that there is nothing to celebrate by the SDF party and the SDF Government, the general secretary, Sikkim State maintained that the income tax exemption to Sikkimese individual could have been probably given even by amendment of the Sikkim Income Tax Manual.
“It was rumored there was some secrete understanding reached before extending the Indian Income Tax with exemption to Sikkimese individual. One of the understandings might be the extension of the Wealth tax,” the release added.
THE OLD SETTLERS OF SIKKIM....................e.newsletter of the old settlers living in Sikkim prior to its merger with India who have a history of 130 years in Sikkim: .....Editor: S K Sarda
Thursday, August 14, 2008
Monday, August 11, 2008
BIOGRAPHIES OF 105 PROMINENT FIGURES OF SIKKIM
Biographies of 105 prominent figures of Sikkim to be released on Aug 17
SE Report
GANGTOK, August 10: ‘Sikkim Ka Pramukh Diwangat Sharshta ani Drastha haru’, a compilation of the biographies of the 105 legendary figures of Sikkim will be released on August 17 at the Sikkim Government College auditorium here in the Capital.
Penned by TB Chandra Subba, who was recently conferred with the Bhanu Puraskar for this year, the book contains memoirs and works of all the well-known figures of Sikkim in the field of politics, literature, journalism, art, economics, culture, sports, commerce, music and many more.
The book is published by Kinar Publications.
According to a press release, the book release function will be attended by eminent literary figures like Dr Ghanashyam Nepal, Professor, North Bengal University, Dr Mohan P Dahal, Prof Krishna Raj Ghatani, Jeewan Namdung, Dr Jas Yonjan Pyasi, Krishna Chandra Singh Moktan, Laxmi Meenu from Mizoram and others.
The occasion will also witness felicitation to several literary figures along with the cultural programme, the release further informs.
SE Report
GANGTOK, August 10: ‘Sikkim Ka Pramukh Diwangat Sharshta ani Drastha haru’, a compilation of the biographies of the 105 legendary figures of Sikkim will be released on August 17 at the Sikkim Government College auditorium here in the Capital.
Penned by TB Chandra Subba, who was recently conferred with the Bhanu Puraskar for this year, the book contains memoirs and works of all the well-known figures of Sikkim in the field of politics, literature, journalism, art, economics, culture, sports, commerce, music and many more.
The book is published by Kinar Publications.
According to a press release, the book release function will be attended by eminent literary figures like Dr Ghanashyam Nepal, Professor, North Bengal University, Dr Mohan P Dahal, Prof Krishna Raj Ghatani, Jeewan Namdung, Dr Jas Yonjan Pyasi, Krishna Chandra Singh Moktan, Laxmi Meenu from Mizoram and others.
The occasion will also witness felicitation to several literary figures along with the cultural programme, the release further informs.
Monday, August 4, 2008
IMPORTANT ANNOUNCEMENT- INCOME TAX
INSTRUCTION NO 8/2008, Dated: July 29, 2008ORDER UNDER SECTION 119(2)(a) OF THE INCOME TAX ACT, 1961Vide Finance Act, 2008, a new clause (26AAA) has been inserted in section 10 of the Income Tax Act, 1961 ('Act') with retrospective effect from assessment year 1990-91. Under the said clause, the following income accruing or arising to a Sikkimese individual is exempt from tax-(a) income from any source in the State of Sikkim; or(b) income by way of dividend or interest on securities.For the purposes of the clause, "Sikkimese" has been defined in the Explanation thereto. 2.Income accruing or arising to a non-Sikkimese individual residing in the State of Sikkim continues to be liable to tax under the Act. In the case of such individuals, it has been decided that-(a) For assessment year 2007-08 or any preceding assessment year, no assessment or reassessment shall be made with regard to the income-(i) income from any source in the State of Sikkim; or(ii) income by way of dividend or interest on securities.(b) In case any proceedings have been initiated for assessment year 2007-08 or any preceding assessment year for not filing the return of income, such proceedings shall be dropped.(c) In case any assessment or reassessment proceeding has been initiated for assessment year 2007-08 or any preceding assessment year and assessment orders have not been passed, the aforesaid income shall be accepted as per the return.(d) For the assessment year 2008-09 and subsequent assessment years, assessment or re-assessment, if required, shall be made in accordance with the provisions of the Income Tax Act, 1961. 3. These instructions shall apply only to non-Sikkimese individuals residing in the State of Sikkim.F.No.153/19/2007-TPL(Vandana Ramachandran) Under Secretary to the Govt. of India
Sunday, August 3, 2008
DATA FORM
DATA FORM
(To be filled in Block letters only by those who have attained 18 years of age as on 01-01-2008)
CENTRE CODE: SL.NO:
MASTER SRL.NO:
NAME OF APPLICANT:
DATE OF BIRTH:
AGE:
SEX: MALE / FEMALE
MARITAL STATUS: MARRIED / UNMARRIED.
NUMBER OF ISSUES: SON: DAUGHTER:
VOTER CARD NO:
WARD WHERE VOTED LAST:
OCCUPATION: TRADER / CONTRACTOR / PROFFESSIONAL / SERVICE - GOVT./PRIVATE / RETIRED.
QUALIFICATION:
Attach at least one certificate
CONTACT INFO.: LANDLINE: MOBILE: E.MAIL:
NAME OF FATHER / HUSBAND:
NAME OF GRAND FATHER OF SELF/HUSBAND:
NAME OF GREAT GRAND FATHER OF SELF/HUSBAND:
NAME OF EARLIEST FIRM:
YEAR OF ESTABLISHMENT:
NAME OF PREVIOUS EMPLOYER (IF ANY):
NAME/ADDRESS OF THE CURRENT FIRM OR EMPLOYER:
LAND MARK:
PRESENT RESIDENTIAL ADDRESS:
LANDMARK:
YEAR OF ESTABLISHMENT OF CURRENT FIRM:
NAME OF FAMILY MEMBER WHO CAME EARLIEST:
YOUR RELATION WITH SUCH PERSON:
YEAR :
EARLIEST DOCUMENT AVAILABLE:
DOCUMENTS ENCLOSED:
Verification:
I ………………………………………………………………………...…
s/o-d/o-w/o:………………………………………………………………………..
do hereby declare that whatever stated above is true to the best of my
knowledge and belief and nothing is false or misrepresented.
PLACE:
DATED:
SIGNATURE OF APPLICANT
Please Turn Over.
Brief History of your family in Sikkim:
Your contribution to the State of Sikkim in the field of :
Education:
Art and Culture:
Spiritual and Religion:
literature:
Philantrophic:
Charity and sponser:
Social Projects:
Publications:
Sports and Games:
Politics:
Others:
Name/s of Associations and N.GO.'s with whom associated and for how many years.
a
b
c
Any Awards / Appreciation received from Panchayat / Local Bodies / Government / N.G.O's /
national or international:
a.
b.
c.
Any other matter you want to specify:
SIGNATURE OF THE APPLICANT.
------------------------------------------------------------------------------------------------- FOR OFFICE USE ONLY.
DATE OF RECIEPT:
ENTERED IN THE REGISTER VIDE SERIAL NO:
SIGNATURE OF THE RECIEVER
-------------------------------------------------------------------------------------------------
(To be filled in Block letters only by those who have attained 18 years of age as on 01-01-2008)
CENTRE CODE: SL.NO:
MASTER SRL.NO:
NAME OF APPLICANT:
DATE OF BIRTH:
AGE:
SEX: MALE / FEMALE
MARITAL STATUS: MARRIED / UNMARRIED.
NUMBER OF ISSUES: SON: DAUGHTER:
VOTER CARD NO:
WARD WHERE VOTED LAST:
OCCUPATION: TRADER / CONTRACTOR / PROFFESSIONAL / SERVICE - GOVT./PRIVATE / RETIRED.
QUALIFICATION:
Attach at least one certificate
CONTACT INFO.: LANDLINE: MOBILE: E.MAIL:
NAME OF FATHER / HUSBAND:
NAME OF GRAND FATHER OF SELF/HUSBAND:
NAME OF GREAT GRAND FATHER OF SELF/HUSBAND:
NAME OF EARLIEST FIRM:
YEAR OF ESTABLISHMENT:
NAME OF PREVIOUS EMPLOYER (IF ANY):
NAME/ADDRESS OF THE CURRENT FIRM OR EMPLOYER:
LAND MARK:
PRESENT RESIDENTIAL ADDRESS:
LANDMARK:
YEAR OF ESTABLISHMENT OF CURRENT FIRM:
NAME OF FAMILY MEMBER WHO CAME EARLIEST:
YOUR RELATION WITH SUCH PERSON:
YEAR :
EARLIEST DOCUMENT AVAILABLE:
DOCUMENTS ENCLOSED:
Verification:
I ………………………………………………………………………...…
s/o-d/o-w/o:………………………………………………………………………..
do hereby declare that whatever stated above is true to the best of my
knowledge and belief and nothing is false or misrepresented.
PLACE:
DATED:
SIGNATURE OF APPLICANT
Please Turn Over.
Brief History of your family in Sikkim:
Your contribution to the State of Sikkim in the field of :
Education:
Art and Culture:
Spiritual and Religion:
literature:
Philantrophic:
Charity and sponser:
Social Projects:
Publications:
Sports and Games:
Politics:
Others:
Name/s of Associations and N.GO.'s with whom associated and for how many years.
a
b
c
Any Awards / Appreciation received from Panchayat / Local Bodies / Government / N.G.O's /
national or international:
a.
b.
c.
Any other matter you want to specify:
SIGNATURE OF THE APPLICANT.
------------------------------------------------------------------------------------------------- FOR OFFICE USE ONLY.
DATE OF RECIEPT:
ENTERED IN THE REGISTER VIDE SERIAL NO:
SIGNATURE OF THE RECIEVER
-------------------------------------------------------------------------------------------------
Saturday, August 2, 2008
BAZAR OF SIKKIM
UD&HD : LIST OF MARKETS AS ON 31ST MARCH, 2002.
EAST:
Bazar Class - I
Gangtok, Singtam.
Bazar Class - II
Rangpo, Ranipool, Pakyong, Rhenock, Tadong, Rongli.
Bazar Class - III
Dikchu (E), Makha, Sang, Rorathang.
Rural marketing Centres:
Phadamchen, Kupup, Sherathang, Chandmari, Rongyek, Burtuk
Bhojoghari, Samdong, Ranka, Central Pendam, Martam, Saramsa.
Simik - Linzey, Tintek, Lingdong, Chandey Kyangasla, Theguk,
Lingtuk, Jaluk, Sisney, Barapathing, Mamring, Machong, Chalisey
(Rhenock), Reshi (E), East Pendam, Kopchey, Dalapchand, Aritar,
Chujachen, Rolep, Parakha, Penlong, Lingdok, Lingtam, Rumtek,
Middle Camp, Lower Samdong, Duga, Tsongu, Sirwani, Syari,
Tathangchen.
NORTH
Bazar Class - II
Mangan, Chungthang, Dikchu (N), Phensong, Phodong.
Rural Marketing Centres:
Pakyong, Kabi, Namok, Ramthang, Singhik, Pakshep, Manuel,
Naga, Sangkalang, Hee-Gyathang, Pashingdang, Phodong, Tumlong,
Phamtam, Bakcha, Lachen, Lachung, Lingzya, Tingbong.
SOUTH
Bazar Class - II
Jorethang, Namchi, Melli, Ravongla.
Bazar Class - III
Simchuthang (Mangley), Majhitar, Temi Bazar, Damthang, Namthang
Kewzing, Yangyang, Ralang.
Rural Marketing Centre:
Nandugoan, Tenzor, Maniram Bhanjyang, Phughajyang, Rateypaney,
Tokal Bermoik, "O" Tarku, Ben Bazar, Sadam, Melli Dara, Payong,
Sukrabarey (Sadam), Sumbuk, Turuk, Kitam, Wok, Lingmoo, Lingi-
Payong, Namphok, Manpur, Gumpa Ghurpisey.
WEST
Bazar Class - II
Gyalshing
Bazar Class - III
Leghsip, Reshi, Hee, Sombaria, Soreng, Daramdin, Dentam,
Rinchenpong, Kaluk, Mangalbarey, Shreebadam, Barmiok,
Pelling, Tashiding, Chakung, Nayabazar.
Rural Marketing Centre:
Darap, Rimbi, Gerethang, Melli-Khechepery, Sakyong, Chongrang,
Lingchom, Tashiding, Cheyabhanjyang, Timburbong, Dodak, Zoom
Ribdi, Okhrey, Bhareng Hilley, Budang, Tharpu, Pureytar, Thingling,
Begha, Rothak, Yuksom, Uttarey.
EAST:
Bazar Class - I
Gangtok, Singtam.
Bazar Class - II
Rangpo, Ranipool, Pakyong, Rhenock, Tadong, Rongli.
Bazar Class - III
Dikchu (E), Makha, Sang, Rorathang.
Rural marketing Centres:
Phadamchen, Kupup, Sherathang, Chandmari, Rongyek, Burtuk
Bhojoghari, Samdong, Ranka, Central Pendam, Martam, Saramsa.
Simik - Linzey, Tintek, Lingdong, Chandey Kyangasla, Theguk,
Lingtuk, Jaluk, Sisney, Barapathing, Mamring, Machong, Chalisey
(Rhenock), Reshi (E), East Pendam, Kopchey, Dalapchand, Aritar,
Chujachen, Rolep, Parakha, Penlong, Lingdok, Lingtam, Rumtek,
Middle Camp, Lower Samdong, Duga, Tsongu, Sirwani, Syari,
Tathangchen.
NORTH
Bazar Class - II
Mangan, Chungthang, Dikchu (N), Phensong, Phodong.
Rural Marketing Centres:
Pakyong, Kabi, Namok, Ramthang, Singhik, Pakshep, Manuel,
Naga, Sangkalang, Hee-Gyathang, Pashingdang, Phodong, Tumlong,
Phamtam, Bakcha, Lachen, Lachung, Lingzya, Tingbong.
SOUTH
Bazar Class - II
Jorethang, Namchi, Melli, Ravongla.
Bazar Class - III
Simchuthang (Mangley), Majhitar, Temi Bazar, Damthang, Namthang
Kewzing, Yangyang, Ralang.
Rural Marketing Centre:
Nandugoan, Tenzor, Maniram Bhanjyang, Phughajyang, Rateypaney,
Tokal Bermoik, "O" Tarku, Ben Bazar, Sadam, Melli Dara, Payong,
Sukrabarey (Sadam), Sumbuk, Turuk, Kitam, Wok, Lingmoo, Lingi-
Payong, Namphok, Manpur, Gumpa Ghurpisey.
WEST
Bazar Class - II
Gyalshing
Bazar Class - III
Leghsip, Reshi, Hee, Sombaria, Soreng, Daramdin, Dentam,
Rinchenpong, Kaluk, Mangalbarey, Shreebadam, Barmiok,
Pelling, Tashiding, Chakung, Nayabazar.
Rural Marketing Centre:
Darap, Rimbi, Gerethang, Melli-Khechepery, Sakyong, Chongrang,
Lingchom, Tashiding, Cheyabhanjyang, Timburbong, Dodak, Zoom
Ribdi, Okhrey, Bhareng Hilley, Budang, Tharpu, Pureytar, Thingling,
Begha, Rothak, Yuksom, Uttarey.
Wednesday, July 30, 2008
इन्कोमे टैक्स ऑफिस इन सिक्किम
Income Tax office to be set up by Aug 6
Gangtok | Thursday, Jul 24 2008 IST
Marking the beginning of an era of Direct Taxes in Sikkim 33 years after the erstwhile Himalayan kingdom joined the Indian Union, the Central Income Tax office will be set up in the state by August 6.
''The Income Tax office will be set up by August 6 in Sikkim,'' said Finance Secretary T T Dorjee during a workshop on Direct Taxes held here today.
The workshop had been organised by the state government to enable its officials grasp the provisions of Income Tax Act 1961 that was implemented in the state following an amendment in the Act during the Finance Bill presented by Union Finance Ministry P Chidambaram earlier this year.
People of Sikkimese origin having Sikkim subjects or Certificate of Identification have been exempted from Direct Taxes as per the 26AA clause paving way for the Act to be enforced in the state.
The Act had been extended in the state but had not been enforced due to stiff opposition from the locals and the state government.
Following the exemption to Sikkimese people, the state government withdrew its own Income Tax provisions of Sikkim Income Tax Manuel Act of 1948.
Todays workshop was conducted by a chartered accounting firm based in West Bengal to clear doubts about the Central Act among the local administration.
''It will not be difficult to apply this Act. Its just a matter of time to get used to it,'' said the Finance Secretary. Now, taxes will be deducted from non-Sikkimese people residing in the state as per the Central Act.
This has triggered resentment among the local business community which do not have the Sikkim subjects or Certificate of Identifications though they had been living in the state for generations.
Around 400 families of the old business community will be affected by this Act and they have pinned their final hopes on Chief Minister Pawan Chamling.
Under the banner of 'Old Businessmen of Sikkim', the community has approached the Chief Minister to recommend their case to the Union government to include old business community of Sikkim for exemption of Central Income Tax.
''We requested the Chief Minister to give strength to this cause by bringing a suitable resolution in the coming session of Sikkim Assembly,'' said S K Sarda, convener of the body.
The Assembly session is scheduled on July 28.
Though the old business community asserted that they dont mind paying taxes to the Central government, it said the present exemption for only Sikkim subject holders or those having Certificate of Identification is discriminatory to those residing in the state for generations.
The community has demanded they be covered for exemption under the Ladakh model where people living in Ladakh are exempted from paying direct taxes as per clause 26AA of the Income Tax Act.
-- (UNI) -- 24CA39.xml
Gangtok | Thursday, Jul 24 2008 IST
Marking the beginning of an era of Direct Taxes in Sikkim 33 years after the erstwhile Himalayan kingdom joined the Indian Union, the Central Income Tax office will be set up in the state by August 6.
''The Income Tax office will be set up by August 6 in Sikkim,'' said Finance Secretary T T Dorjee during a workshop on Direct Taxes held here today.
The workshop had been organised by the state government to enable its officials grasp the provisions of Income Tax Act 1961 that was implemented in the state following an amendment in the Act during the Finance Bill presented by Union Finance Ministry P Chidambaram earlier this year.
People of Sikkimese origin having Sikkim subjects or Certificate of Identification have been exempted from Direct Taxes as per the 26AA clause paving way for the Act to be enforced in the state.
The Act had been extended in the state but had not been enforced due to stiff opposition from the locals and the state government.
Following the exemption to Sikkimese people, the state government withdrew its own Income Tax provisions of Sikkim Income Tax Manuel Act of 1948.
Todays workshop was conducted by a chartered accounting firm based in West Bengal to clear doubts about the Central Act among the local administration.
''It will not be difficult to apply this Act. Its just a matter of time to get used to it,'' said the Finance Secretary. Now, taxes will be deducted from non-Sikkimese people residing in the state as per the Central Act.
This has triggered resentment among the local business community which do not have the Sikkim subjects or Certificate of Identifications though they had been living in the state for generations.
Around 400 families of the old business community will be affected by this Act and they have pinned their final hopes on Chief Minister Pawan Chamling.
Under the banner of 'Old Businessmen of Sikkim', the community has approached the Chief Minister to recommend their case to the Union government to include old business community of Sikkim for exemption of Central Income Tax.
''We requested the Chief Minister to give strength to this cause by bringing a suitable resolution in the coming session of Sikkim Assembly,'' said S K Sarda, convener of the body.
The Assembly session is scheduled on July 28.
Though the old business community asserted that they dont mind paying taxes to the Central government, it said the present exemption for only Sikkim subject holders or those having Certificate of Identification is discriminatory to those residing in the state for generations.
The community has demanded they be covered for exemption under the Ladakh model where people living in Ladakh are exempted from paying direct taxes as per clause 26AA of the Income Tax Act.
-- (UNI) -- 24CA39.xml
हिस्ट्री ऑफ़ ओल्ड बुसिएस्स्में ऑफ़ सिक्किम
MEETING OF OLD BUSINESSMEN OF SIKKIM AT GANGTOK
Representatives from all over Sikkim will participate in a meeting to be held on 2nd August 2008 at Gangtok to discuss plans for:
PREPARATION OF A HISTORY OF OLD BUSINESSMEN OF SIKKIM
Representatives from all over Sikkim will participate in a meeting to be held on 2nd August 2008 at Gangtok to discuss plans for:
PREPARATION OF A HISTORY OF OLD BUSINESSMEN OF SIKKIM
Subscribe to:
Posts (Atom)