Circular No. 425-Income Tax I am directed to invite a reference to this Department’s Circular No. 389 [F. No. 275/16/84-IT(B)], dated 4-8-1984 on the above subject, wherein the rates at which deduction of tax under section 194BB to be made during the financial year 1984-85 from winnings from horse races were communicated
Circular No. 426-Income Tax I am directed to invite a reference to this Department’s Circular No. 391 [F. No. 275/17/84-IT(B)], dated 8-8-1984 wherein the rates at which the deduction of income-tax was to be made during the financial year 1984-85 from payments of income by way of insurance commission under section 194D were intimated.
