59[Commission, etc., on the sale of lottery
tickets.60
194G. 61[(1)] Any person who is responsible for paying, on or after the 1st day
of October, 1991 to any person, who is or has been stocking, distributing,
purchasing or selling lottery tickets, any income by way of commission,
remuneration or prize (by whatever name called) on such tickets in an amount
exceeding one thousand rupees shall, at the time of credit of such income to
the account of the payee or at the time of payment of such income in cash or by
the issue of a cheque or draft or by any other mode, whichever is earlier,
deduct income-tax thereon at the rate of ten per cent.
(2) 62[***]
(3) 62[***]
Explanation.—For the purposes of this section, where any
income is credited to any account, whether called “Suspense Account” or by any
other name, in the books of account of the person liable to pay such income,
such crediting shall be deemed to be credit of such income to the account of
the payee and the provisions of this section shall apply accordingly.]
