TMI BlogAmendment of section 194G. - TDS - deduction of income-tax at the rate of ten per cent. shall be made in...Amendment of section 194G. - TDS - 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 of lottery tickets, whether by way of commission or remuneration or prize is credited to the account of the payee or at the time of payment of such income in cash or by the issue of cheque or a draft or by any other mode, whichever is earlier during the financial year. - It is..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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