TMI BlogCommission, etc., on the sale of lottery ticketsX X X X Extracts X X X X X X X X Extracts X X X X ..... income by way of commission, remuneration or prize (by whatever name called) on such tickets in an amount exceeding 5 [ fifteen thousand rupees ] shall, at the time of credit of such income to the account of the payee or at the time of payment of such income in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of 6 [ five ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Assessing Officer is satisfied that the total income of any person who is or has been stocking, distributing, purchasing or selling lottery tickets justifies the deduction of income-tax at any lower rate or no deduction of income-tax, as the case may be, the Assessing Officer shall, on an application made by such person in this behalf, give to him such certificate as may be appropriate. (3) W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n in this behalf, give to him such certificate as may be appropriate. (3) Where any such certificate is given, the person responsible for paying the income referred to in sub-section (1) shall, until such certificate is cancelled by the Assessing Officer, deduct income-tax at the rates specified in such certificate or deduct no tax, as the case may be. 5. Substituted vide THE FINANCE ACT, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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