Section 194G of ITA, 1961 : Section 194G: Commission, Etc, On The Sale Of Lottery Tickets
ITA, 1961
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Explanation using Example
Imagine a company, "Lucky Lotto Corp", that distributes lottery tickets nationwide. They have a network of agents who handle the stocking and selling of these tickets. One of these agents, Mr. Raj, has been particularly successful and has earned a commission of ₹20,000 for the month of March.
According to Section 19...
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