https://www.taxtmi.com/circulars?id=4865 Deduction of tax at source is required on winnings from lotteries, crossword puzzles and horse races under sections 194B and 194BB; the circular communicates the withholding rates for 1986-87 and records that the Finance Act, 1986, amended the monetary thresholds and introduced section 115BB imposing a flat charge on gross winnings. The guidance distinguishes resident and non-resident treatment and separates corporate and non-corporate withholding rates, and directs payers to consult statutory provisions or departmental officers for clarification. en-us Thu, 21 Aug 1986 00:00:00 +0530 Mon, 04 Aug 2008 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4865 Deduction of tax at source is required on winnings from lotteries, crossword puzzles and horse races under sections 194B and 194BB; the circular communicates the withholding rates for 1986-87 and records that the Finance Act, 1986, amended the monetary thresholds and introduced section 115BB imposing a flat charge on gross winnings. The guidance distinguishes resident and non-resident treatment and separates corporate and non-corporate withholding rates, and directs payers to consult statutory provisions or departmental officers for clarification. Circulars Income Tax Thu, 21 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4865