TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Circular on TDS: Sections 194B, 194BB, 194G Maintain Rates, Adjust Limits for Lotteries and Horse Races FY 1991-92.</h1> The circular addresses tax deduction at source (TDS) under sections 194B, 194BB, and 194G of the Income-tax Act, 1961, applicable for the financial year 1991-92. It maintains existing tax rates for winnings from lotteries and horse races, with a 40% tax plus a surcharge. Section 194BB's exemption limit is reduced to Rs. 2,500. Section 194G introduces a 10% tax on commissions from lottery ticket sales exceeding Rs. 1,000, with a surcharge. Responsibilities for tax deduction, payment, and penalties for non-compliance are outlined, including requirements for certificates and returns.
TaxTMI 
TaxTMI 
