TMI BlogAmendment of section 194G.X X X X Extracts X X X X X X X X Extracts X X X X ..... bstituted. - Clause 76 of the Bill seeks to amend section 194G of the Income tax Act relating to commission, etc., on the sale of lottery tickets. Under the existing provisions contained in the aforesaid section, deduction of income-tax at the rate of ten per cent. shall be made in a case where, the amount of income exceeding one thousand rupees relating to stocking, distribution, purchase or sale ..... X X X X Extracts X X X X X X X X Extracts X X X X
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