Deduction of tax at source-Section 194BB of the Income-tax Act, 1961-Income by way of winnings from horse races-Rates of tax for the financial year 1982-83

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....2-83 Circular No. 339 Dated 4/5/1982 From             R.C. Handa,             Secretary, Central Board of Direct Taxes. To             All Race Clubs.           ....

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.... III of the First Schedule to the said Finance Bill, a copy of which is annexed. The tax should, therefore, continue to be deducted at source during the financial year 1982-83, at the rates intimated in the Board's Circular referred to in para. 1 above except where the rates prescribed in Sub-Paragraph I of Paragraph A of Part III of the First Schedule are applicable.  3. These instructions a....