Section 194G – Commission, etc on sale of lottery tickets (Rationalisation and Simplification of taxation of Capital Gains)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l - News - FAQ - Dated:- 24-7-2024 - Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024 As per provisions of section 194G , any person who is responsible for paying, on or after the 1st day of O .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ue or draft or by any other mode, whichever is earlier, deduct income tax thereon at the rate of 5%. 2. It is proposed that TDS under section 194G of the Act be reduced from 5% to 2%. 3. The amendment .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X