Commission, etc., on the sale of lottery tickets

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..... y 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 7 [ two per cent. ] : ( .....

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..... 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) Where any such certificate is given, the person responsible for paying the income .....

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..... rtificate 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, 2016 w.e.f. 1st day of June, 2016 before it was read as, one thousand rupees 6. Substituted vide TH .....

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