section 3
Levy of tax on lottery schemes
Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2017Tax201711 sections
Statutory text
- (1) There shall be levied and collected a tax on the lottery schemes specified in column
- (2) of the Table hereunder, at the rates specified against them in column
- (3) of the said Table :---- TABLE No.
- (1) | Lottery schemes
- (2) | Rate of tax (3) ------------------------------------------------- 1 | Weekly lottery scheme | 50,000 2 | Fortnightly lottery scheme or any lottery scheme between week and fortnight | 1,00,000 3 | Monthly lottery scheme or any lottery scheme of any duration exceeding fortnight | 2,00,000 4 | Bumper lottery scheme | 10,00,000
- (2) The tax levied under sub-section
- (1) shall be paid by the Promoter.
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