https://www.taxtmi.com/manuals?id=1917 Tax deduction at source applies to commission, remuneration or prize paid to persons engaged in stocking, distributing, purchasing or selling lottery tickets. Any person responsible for payment must deduct tax at 2% where payment exceeds Rs.20,000. The provision concerns lottery-ticket trade rather than lottery winnings. Deduction must occur at the earlier of credit of the amount or payment by cash, cheque, draft or any other mode. en-us Wed, 18 Jan 2023 15:24:00 +0530 Mon, 24 Aug 2026 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1917 Tax deduction at source applies to commission, remuneration or prize paid to persons engaged in stocking, distributing, purchasing or selling lottery tickets. Any person responsible for payment must deduct tax at 2% where payment exceeds Rs.20,000. The provision concerns lottery-ticket trade rather than lottery winnings. Deduction must occur at the earlier of credit of the amount or payment by cash, cheque, draft or any other mode. Manuals Income Tax Wed, 18 Jan 2023 15:24:00 +0530 https://www.taxtmi.com/manuals?id=1917