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 horse races--Rates of tax applicable during the financial year 1990-91

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..... lottery or crossword puzzles or horse races--Rates of tax applicable during the financial year 1990-91 Circular No. 569 Dated 27/7/1990 Reference is invited to this Department's Circular No.536 [F.No.275/88/89-IT(B)], dated 6-7-1989 [printed at [1989] 178 ITR (St.) 62] on the above subject wherein the rates at which deduction of tax under section 194B and 194BB to be made during the fin .....

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..... of failure to pay tax so deducted to the credit of the Central Government within the stipulated time, failure to furnish the annual return, etc. The instructions contained in the aforesaid Circular will be applicable during the current financial year also. 4. These instructions may please be brought to the notice of all concerned. In case of any assistance, the Assessing Officer concerned or th .....

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