CBDT Circular on TDS rates for winnings from lotteries or crossword puzzles etc.

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Instructions for deduction of tax at source from winnings from lotteries or crossword puzzles, horse races or from commission, etc. – Rates of tax applicable during financial year 1992-93

Circular : No. 631, dated 20-8-1992.

1. Reference is invited to the Board’s Circular No. 616, dated 22-11-1991 on the above mentioned subject wherein the rates at which the deduction of tax under sections 194B, 194BB and 194G of the Income-tax Act, 1961 was to be made during the financial year 1991-92, from winnings from lotteries, crossword puzzles, horse races and from commission, etc., paid on sale of lottery tickets, were communicated.

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