Deduction of income-tax at source-Section 194B of the Income-tax Act, 1961-Deduction from lottery and crossword puzzle prizes-Financial Year 1977-78 - Income Tax - 217/1977

Deduction of income-tax at source-Section 194B of the Income-tax Act, 1961-Deduction from lottery and crossword puzzle prizes-Financial Year 1977-78 Circular No. 217 Dated 31/3/1977 From Shri S.R. Wadhwa, Deputy Secretary, Department of Revenue Banking, Government of India. To All State Governments. Sir, Subject: Deduction of income-tax at source-Section 194B of the Income-tax Act, 1961-Deduction from lottery and crossword puzzle prizes-Financial Year 1977-78. I am directed to invite a reference to this Department Circular No.198 (F.No.275/61/76-ITJ)* dated June 25, 1976, on the subject of deduction of income-tax from lottery and crossword puzzle prizes during the financial year 1976-77. Hence, until further instructions, tax at source from payments of income by way of lottery and crossword puzzle prizes may be deducted at the same rates as are given in Part II of the First Schedule to the Finance Act, 1976. 2. These instructions may please be brought to the notice of all concerned under the control of the State Government. In cases of doubt, the Income-tax Officer concerned may be consulted. Yours faithfully, (Sd.) S.R. Wadhwa, Deputy Secretary to the Government of India. * See [1976] 103 ITR (St.) 27.