https://www.taxtmi.com/circulars?id=4683 Bookmakers and licensed racing payors must deduct tax at source on horse-race winnings above the statutory threshold at rates prescribed by the Finance Act for the financial year 1980-81, applying the higher applicable rate where comparisons with total-income rates arise; these rates apply to payments after the stated June 1980 date and prior deductions under the Finance Act rates need not be adjusted. en-us Sat, 20 Sep 1980 00:00:00 +0530 Sat, 02 Aug 2008 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4683 Bookmakers and licensed racing payors must deduct tax at source on horse-race winnings above the statutory threshold at rates prescribed by the Finance Act for the financial year 1980-81, applying the higher applicable rate where comparisons with total-income rates arise; these rates apply to payments after the stated June 1980 date and prior deductions under the Finance Act rates need not be adjusted. Circulars Income Tax Sat, 20 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4683