Deduction of tax at source--Section 194BB of the Income-tax Act, 1961--Deduction from income by way of winnings from horse races--Rates of tax for the financial year 1983-84

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....ates of tax for the financial year 1983-84 Circular No. 366 Dated 20/7/1983 From             R.C. Handa,             Director, Central Board of Direct Taxes. To             All Race Clubs. Subject : Deduction of....

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....rson other than a company—   (a) where the person is resident in India 33.75 per cent (IT 30 per cent + SC 3.75 per cent); (b) where the person is not resident in India 33.75 per cent (IT 30 per cent + SC 3.75 per cent);   or   income-tax and surcharge on income-tax in respect of the income at the rates prescribed in Sub-Paragraph I of Paragraph A of Par....

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.... amount of income-tax and surcharge is recorded separately in the right type of challan form. 4. These instructions are not exhaustive and are issued only with a view to helping the persons responsible for making deductions of tax under this section. Whenever there is a doubt a reference should always be made to the Income-tax Act and the relevant Finance Act through which the changes in the ta....