https://www.taxtmi.com/circulars?id=4884 Deduction of tax at source on winnings from lotteries, crossword puzzles and horse races under sections 194B and 194BB is required where aggregate casual and non recurring receipts exceed Rs. 5,000, with tax deducted on gross winnings after treating Rs. 5,000 as exempt; section 115BB taxes such winnings at a flat rate on assessment. From 1 June 1987 deductors must obtain and quote a tax deduction account number under section 203A and deliver prescribed annual returns under the substituted section 206. en-us Wed, 27 May 1987 00:00:00 +0530 Mon, 04 Aug 2008 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4884 Deduction of tax at source on winnings from lotteries, crossword puzzles and horse races under sections 194B and 194BB is required where aggregate casual and non recurring receipts exceed Rs. 5,000, with tax deducted on gross winnings after treating Rs. 5,000 as exempt; section 115BB taxes such winnings at a flat rate on assessment. From 1 June 1987 deductors must obtain and quote a tax deduction account number under section 203A and deliver prescribed annual returns under the substituted section 206. Circulars Income Tax Wed, 27 May 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4884