Amendment status not verified — confirm the current text below against the official source.
(1) There shall be levied and collected a tax on paper lotteries at the following rates, namely:-- (a) [one crore rupees] for every bumber draw; and (b) [fifty lakhs rupees] in respect of any other draw; (2) Tax levied under sub-section (1) shall be paid by each promoter. (3) Where the Government of India or a Government of a State or Union Territory or a Country appoints more than one promoters in the State, one such promoter duly authorized by the respective Government or Country shall pay tax levied under sub-section (1). Substituted by Act 30 of 2014 (w.e.f. 01/04/2014). Prior to the amendment it read as "sixty lakhs rupees". Substituted by Act 30 of 2014 (w.e.f. 01/04/2014). Prior to the amendment it read as "thirty lakhs rupees".