Tax deduction at source on lottery prizes must follow Part II rates of the Finance Act until further instruction. Deduction of income-tax at source from lottery and crossword puzzle prizes is to be made by applying the rates set out in Part II of the First Schedule to the Finance Act, 1976; this procedure applies for the financial year 1977-78 until further instructions, and State Governments must notify concerned offices while consulting the Income-tax Officer in cases of doubt.
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Provisions expressly mentioned in the judgment/order text.
Tax deduction at source on lottery prizes must follow Part II rates of the Finance Act until further instruction.
Deduction of income-tax at source from lottery and crossword puzzle prizes is to be made by applying the rates set out in Part II of the First Schedule to the Finance Act, 1976; this procedure applies for the financial year 1977-78 until further instructions, and State Governments must notify concerned offices while consulting the Income-tax Officer in cases of doubt.
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