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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.... From R.C. Handa, Secretary, Central Board of Direct Taxes. To All Race Clubs. Subject: 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. Sir, I am directed to invite a reference to the Board's Circular No. 301 [F. No. 275/11/81-IT(B)], dated the 29th April, 1981, printed at [1981]....