Commission, etc., on the sale of lottery tickets.

8[(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 exceeding9[fifteen 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 10[five per cent.].]

11*

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.]

¹ Ins. by Act 36 of 1989, s. 22 (w.e.f. 1-11-1989). Earlier section 194D was omitted by Act 3 of 1989, s. 31(w.e.f. 1-4-

1988) which was inserted by Act 4 of 1988, s. 74 (w.e.f. 1-4-1988).

² Ins. by Act 23 of 2012, s. 73 (w.e.f. 1-7-2012).

³ Subs. by s. 73, ibid., for “ten per cent.” (w.e.f. 1-7-2012).

⁴ Ins. by Act 49 of 1991, s. 54 (w.e.f. 1-10-1991).

⁵ Subs. by Act 28 of 2016, s. 77, for “twenty per cent.” (w.e.f. 1-6-2016).

⁶ Ins. by Act 12 of 1990, s. 40 (w.e.f. 1-4-1991).

⁷ Ins. by Act 49 of 1991, s. 55 (w.e.f. 1-10-1991).

⁹ Subs. by Act 28 of 2016, s. 78, for “one thousand rupees” (w.e.f. 1-6-2016).

¹⁰ Subs. by s. 78, ibid., for “ten per cent.” (w.e.f. 1-6-2016).

8. Section 73 renumbered as sub-section (1) thereof by Act 18 of 1992, s. 73 (w.e.f. 1-6-1992). 11. Sub-sections (2) and (3) omitted by Act 32 of 2003, s. 76 (w.e.f. 1-6-2003). Earlier sub-sections (2) and (3) were inserted by Act 18 of 1992, s. 73 (w.e.f. 1-6-1992).