TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Payers must deduct 2% TDS on commissions or prizes over ?20,000 for lottery ticket sellers when credited or paid</h1> Any person paying to anyone who stocks, distributes, purchases or sells lottery tickets must deduct income tax at 2% on commission, remuneration or prize payments exceeding ?20,000, at the time of credit to the payee's account or on payment, whichever is earlier. Crediting such income to any account in the payer's books (including a 'suspense' account) is treated as credit to the payee's account and triggers the deduction.
TaxTMI 
TaxTMI 
