Tax on lotteries under Punjab Tax on Lotteries Act, 2005 changed

The relavant notification is produced herebelow for ready refernce of readers:

GOVERNMENT OF PUNJAB

DEPARTMENT OF EXCISE AND TAXATION

(EXCISE AND TAXATION II BRANCH)

NOTIFICATION

The March 11, 2011

No.S.O.              In exercise of the powers conferred by section 4 of the Punjab Tax on Lotteries Act, 2005 (Punjab Act No. 18 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment with immediate effect, in the schedule, appended to the said Act, namely :-


AMENDMENT
In the said Schedule,-
(a)   serial No. 1 and the entries relating thereto shall be omitted; and
(b)   for the existing serial no.3,4,6,7,8 and 9 and the entries relating thereto, the following serial numbers and the entries relating thereto shall be substituted,namely;-

   “  1
Card Games
1,50,000
      2 
Keno Games
1,50,000/-
3
Lotto games
10,00,000/-
4
Monthly Lottery
30,00,000/-
5
Bumper Lottery
1,00,00,000/-
6
Four Digit Lottery
2,00,000/-“

        SHIVINDER SINGH BRAR
                                                          Financial Commissioner Taxation and
                                                          Secretary to Government of Punjab
                                                                      Department of Excise and Taxation

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Posted by AMIT BAJAJ ADVOCATE at 8:56 PM

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