Deduction of income-tax at source-section 194B of the Income-tax Act, 1961-Deduction from winnings from lottery or crossword puzzle-Financial year 1980-81 - Income Tax - 270/1980

Deduction of income-tax at source-section 194B of the Income-tax Act, 1961-Deduction from winnings from lottery or crossword puzzle-Financial year 1980-81 Circular No. 270 Dated 26/5/1980 From S.R. Wadhwa, Director, Central Board of Direct Taxes. To All State Governments. Subject: Deduction of income-tax at source-section 194B of the Income-tax Act, 1961-Deduction from winnings from lottery or crossword puzzle-Financial year 1980-81. Sir, I am directed to invite a reference to this department's Circular No. 257 (F. No. 275/36/79-ITB) dated the 4th June, 1979, on the subject of deduction of income-tax from winnings from lottery or crossword puzzle payable during the year 1979-80. The Finance Act, 1980, prescribes the same rates of tax from winnings from lottery or crossword puzzle during the financial year 1980-81, as were in force during the financial year 1979-80. Necessary instructions for continuing deduction of tax at source from "Winnings from lottery or crossword puzzle" at the same rates as are given in Part II of the First Schedule to the Finance Act, 1979, may please be issued to all concerned under the control of the State Government. Yours faithfully, (Sd.) S.R. Wadhwa, Director, Central Board of Direct Taxes.