https://www.taxtmi.com/circulars?id=4766 Section 194B mandates withholding tax from lottery and crossword winnings above the statutory threshold. The circular prescribes specific combined income-tax-and-surcharge withholding rates for individuals and companies for the financial year, and provides that, if computing tax and surcharge as if the winnings were the recipient's total income yields a higher liability, that amount must be withheld. No change is made to the core withholding provisions; State Governments are instructed to implement these rates. en-us Wed, 20 Jul 1983 00:00:00 +0530 Mon, 11 Aug 2008 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4766 Section 194B mandates withholding tax from lottery and crossword winnings above the statutory threshold. The circular prescribes specific combined income-tax-and-surcharge withholding rates for individuals and companies for the financial year, and provides that, if computing tax and surcharge as if the winnings were the recipient's total income yields a higher liability, that amount must be withheld. No change is made to the core withholding provisions; State Governments are instructed to implement these rates. Circulars Income Tax Wed, 20 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4766