9911796707
TMI BlogDeduction of tax at source--Section 194BB of the Income-tax Act, 1961--Deduction from income by way of winnings from horse races--Rates of tax for the financial year 1983-84X X X X Extracts X X X X X X X X Extracts X X X X ..... l year 1983-84 Circular No. 366 Dated 20/7/1983 From R.C. Handa, Director, Central Board of Direct Taxes. To All Race Clubs. Subject : Deduction of tax at source--Section 194BB of the Income-tax Act, 1961--Deduction from income by way of winnings from horse races--Rates of tax for the financial year 1983-84. Sir, I am directed to invit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resident in India 33.75 per cent (IT 30 per cent + SC 3.75 per cent); or income-tax and surcharge on income-tax in respect of the income at the rates prescribed in Sub-Paragraph I of Paragraph A of Part III of the First Schedule to the Finance Act, 1983, if such income had been the total income, whichever is higher. II . In the case of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and are issued only with a view to helping the persons responsible for making deductions of tax under this section. Whenever there is a doubt a reference should always be made to the Income-tax Act and the relevant Finance Act through which the changes in the tax structure are made. 5. In case any assistance is required, the ITO concerned or the local Public Relations Officers of the Income-tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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