Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Winnings from lottery or crossword puzzle, etc.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g of any form or nature whatsoever, being the amount or the aggregate of amounts exceeding ten thousand rupees during the financial year ] shall, at the time of payment thereof, deduct income-tax thereon at the rates in force : 4 [***]] 5 [Provided 6 [***] that in a case where the winnings are wholly in kind or partly in cash and partly in kind but the part in cash is not sufficient .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . Further substituted vide Finance Act, 2010 with effect from the 1st day of July, 2010, before it was read as five thousand rupees 4. The first proviso omitted by the Finance Act, 1999, w.e.f. 1-4-2000. Prior to its omission, the first proviso read as under : Provided that no deduction shall be made under this section from any payment made before the 1st day of June, 1972: 5. Ins .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates