<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Instructions for deduction of tax at source from winnings from lottery or crossword puzzle during financial year 1975-76 at the rates specified in Part II of First Schedule to Finance Act, 1975</title>
    <link>https://www.taxtmi.com/circulars?id=4567</link>
    <description>Payers must deduct tax at source on lottery and crossword puzzle winnings above the monetary threshold at prescribed rates that vary for persons and companies, with an alternative higher computation if winnings form the recipient&#039;s total income; deductions cover cash prizes plus the value of prizes in kind when cash is paid, are made on payment of each instalment, rounded to the nearest rupee, and must be remitted promptly to the Government with issuance of prescribed certificates and quarterly filing of deduction statements.</description>
    <language>en-us</language>
    <pubDate>Mon, 09 Jun 1975 00:00:00 +0530</pubDate>
    <lastBuildDate>Wed, 30 Jul 2008 16:42:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=258880" rel="self" type="application/rss+xml"/>
    <item>
      <title>Instructions for deduction of tax at source from winnings from lottery or crossword puzzle during financial year 1975-76 at the rates specified in Part II of First Schedule to Finance Act, 1975</title>
      <link>https://www.taxtmi.com/circulars?id=4567</link>
      <description>Payers must deduct tax at source on lottery and crossword puzzle winnings above the monetary threshold at prescribed rates that vary for persons and companies, with an alternative higher computation if winnings form the recipient&#039;s total income; deductions cover cash prizes plus the value of prizes in kind when cash is paid, are made on payment of each instalment, rounded to the nearest rupee, and must be remitted promptly to the Government with issuance of prescribed certificates and quarterly filing of deduction statements.</description>
      <category>Circulars</category>
      <law>Income Tax</law>
      <pubDate>Mon, 09 Jun 1975 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/circulars?id=4567</guid>
    </item>
  </channel>
</rss>