Circular : No. 236-Income Tax I am directed to invite a reference to this Department’s Circular No. 226 [F. No. 275/19/77-IT(B)], dated 14-7-1977 on the above subject. Under section 194B, every person responsible for paying to any person, whether resident or non-resident any income by way of winnings from any lottery or crossword puzzle in an amount exceeding Rs. 1,000
Circular : No. 237-Income Tax I am directed to invite a reference to this Department’s Circular No. 227 [F. No. 275/20/77-IT(B)], dated 14-7-1977 on the above subject. Section 194D provides for the deduction of tax at source, at such rates as may be specified in this behalf by the Finance Act of the relevant year from payments of income by way of insurance commission, to a resident, whether an individual,
