We offer comprehensive Insurance Services systems maintained by trained accounting.
Ask a Query
Client Login
|
194G. Commission, etc., on the sale of lottery tickets. — (1) Any person who is responsible for paying, on or after the 1st day of October, 1991 to any person, who is or has been stocking, distributing, purchasing or selling lottery tickets, any income by way of commission, remuneration or prize (by whatever name called) on such tickets in an amount exceeding 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 five per cent.
(2) [***] (3) [***] Explanation.—For the purposes of this section, where any income is credited to any account, whether called "Suspense Account" or by any other name, in the books of account of the person liable to pay such income, such crediting shall be deemed to be credit of such income to the account of the payee and the provisions of this section shall apply accordingly. |
Amit R Gupta
Our Services
Investment Services
We offer comprehensive Investment Services systems maintained by trained accoun.
Due Diligence and Advisory Ser
We offer comprehensive Due Diligence and Advisory Services systems maintained by traine.
Corporate Services
We offer comprehensive Corporate Services systems maintained by trained accounting.
AMITRGUPTA
What We Do
Tax Consulting
We offer comprehensive Tax Consulting systems maintained by trained accounting professionals. This local service coul...
Due Diligence
Investors, bankers and acquirers rely on Due Diligence as a standard of care during Mergers and ...
Taxation Services
We offer comprehensive Taxation Services systems maintained by trained accounting professionals. This local service could be...