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TMI BlogDeduction of income-tax at source--Section 194B of the Income-tax Act, 1961--Deduction from winnings from lottery or crossword puzzles--Rates of tax applicable during the Financial year 1983-84X X X X Extracts X X X X X X X X Extracts X X X X ..... rce--Section 194B of the Income-tax Act, 1961--Deduction from winnings from lottery or crossword puzzles--Rates of tax applicable during the Financial year 1983-84. Sir, I am directed to invite a reference to the Board's Circular No. 338 [F.No. 275/17/82-IT(B)], dated the 4th May, 1982 [printed at [1982] 135 ITR (St.) 89], wherein you were requested to issue necessary instructions for making deduction of income-tax at source from the "Winnings from lottery or crossword puzzles", at the rates given in Part II of the First Schedule to the Finance Bill, 1982. 2. You are aware that under section 194B of the Income-tax Act, 1961, every person responsible for paying to any person, whether resident or non-resident, any income by way of winni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lease be brought to the notice of all concerned under the control of the State Government. 5. The copies of this circular will be available with the Director of Inspection (Research, Statistics Public Relations), 6th floor, Mayur Bhawan, Connaught Circus, New Delhi-110 001. Extract from the Finance Act, 1983, Sub-Paragraph I of Paragraph A of Part II of the First Schedule Paragraph A Sub-Paragraph I In the case of every individual or Hindu undivided family or unregistered firm or other association of persons or body of individuals, whether incorporated or not or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act, not being a case to which Sub-Paragraph II of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 60,000 but does exceed not Rs. 70,000 Rs. 17,500 plus 52.5 per cent. of the amount by which the total income exceeds Rs. 60,000; (8) where the total income exceeds Rs. 70,000 but does not exceed Rs. 85,000 Rs. 22,750 plus 55 per cent. of the amount by which the total income exceeds Rs. 70,000; (9) where the total income exceeds Rs. 85,000 but does not exceed Rs. 1,00,000 Rs. 31,000 plus 57.5 per cent. of the amount by which the total exceeds Rs. 85,000; (10) where the total income exceeds Rs. 1,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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