Deduction of tax at source under sections 194B and 194BB of the Income-tax Act, 1961-Deduction from winnings from lottery or crossword puzzles or house races-Rates of tax applicable during the financial year 1987-88-Levy of surcharge-Regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ction from winnings from lottery or crossword puzzles or house races-Rates of tax applicable during the financial year 1987-88-Levy of surcharge-Regarding Circular No. 507 Dated 23/2/1988 To All State Government including Union Territory Administrations All Race Clubs. Sir, Subject: Deduction of tax at source under sections 194B and 194 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... puted on the basis of the aforesaid circular shall be increased by a surcharge for the purpose of the Union calculated at the rate of 5% of such income-tax. The levy of surcharge comes into force with effect from 16-12-1987. 3. The contents of this circular may be brought to the notice of all concerned. 4. If any assistance is required in this regard, the Income-tax Officer concerned and/or th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X