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    <title>Deduction of income-tax at source-sections 194B of the Income-tax Act, 1961-Prizes awarded to the agents under &quot;Lucky dip draws&quot;, etc.-Clarification regarding</title>
    <link>https://www.taxtmi.com/circulars?id=4668</link>
    <description>Prizes awarded to lottery agents in &#039;lucky dip draws&#039; are lotteries dependent wholly on chance and therefore subject to deduction of tax at source; State Governments and Union Territories running lotteries are requested to deduct tax at source at the rates prescribed by the annual Finance Act from such lucky dip prizes and to bring this clarification to the notice of all concerned.</description>
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    <pubDate>Mon, 11 Feb 1980 00:00:00 +0530</pubDate>
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      <title>Deduction of income-tax at source-sections 194B of the Income-tax Act, 1961-Prizes awarded to the agents under &quot;Lucky dip draws&quot;, etc.-Clarification regarding</title>
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      <description>Prizes awarded to lottery agents in &#039;lucky dip draws&#039; are lotteries dependent wholly on chance and therefore subject to deduction of tax at source; State Governments and Union Territories running lotteries are requested to deduct tax at source at the rates prescribed by the annual Finance Act from such lucky dip prizes and to bring this clarification to the notice of all concerned.</description>
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      <pubDate>Mon, 11 Feb 1980 00:00:00 +0530</pubDate>
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