https://www.taxtmi.com/circulars?id=4680 Deduction of income-tax at source under Section 194B applies to winnings from lotteries and crossword puzzles exceeding the threshold; withholding must be made at the specified rates on payments from the effective date, with no adjustment for prior payments. Tax is deductible on the aggregate value of cash and in-kind prizes (except where prize is only in kind), deducted at payment (including instalments), rounded to the nearest rupee, and paid to the Central Government within prescribed timeframes. Payers must issue certificates to recipients and file quarterly statements; recipients may obtain certificates to authorize lower or nil deduction. en-us Sat, 19 Jul 1980 00:00:00 +0530 Sat, 02 Aug 2008 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4680 Deduction of income-tax at source under Section 194B applies to winnings from lotteries and crossword puzzles exceeding the threshold; withholding must be made at the specified rates on payments from the effective date, with no adjustment for prior payments. Tax is deductible on the aggregate value of cash and in-kind prizes (except where prize is only in kind), deducted at payment (including instalments), rounded to the nearest rupee, and paid to the Central Government within prescribed timeframes. Payers must issue certificates to recipients and file quarterly statements; recipients may obtain certificates to authorize lower or nil deduction. Circulars Income Tax Sat, 19 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4680