https://www.taxtmi.com/circulars?id=5033 Sections 194B and 194BB require withholding from winnings from lotteries, crossword puzzles and horse races at the existing rate of forty percent plus surcharge, with section 194BB's exemption limit reduced; section 194G, effective 1-10-1991, requires ten percent withholding (plus surcharge) on commission, remuneration or prize paid to persons involved in sale or distribution of lottery tickets where payments exceed the prescribed threshold, and crediting to any account (including suspense accounts) is deemed payment for withholding purposes. en-us Fri, 22 Nov 1991 00:00:00 +0530 Fri, 08 Aug 2008 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5033 Sections 194B and 194BB require withholding from winnings from lotteries, crossword puzzles and horse races at the existing rate of forty percent plus surcharge, with section 194BB's exemption limit reduced; section 194G, effective 1-10-1991, requires ten percent withholding (plus surcharge) on commission, remuneration or prize paid to persons involved in sale or distribution of lottery tickets where payments exceed the prescribed threshold, and crediting to any account (including suspense accounts) is deemed payment for withholding purposes. Circulars Income Tax Fri, 22 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5033