Tax deduction on horse-race winnings now applies to aggregate amounts exceeding the monetary threshold within a financial year. Tax deduction for winnings from horse races is amended so that withholding is required on the amount or aggregate of amounts exceeding the monetary ... Summary
Tax deduction on horse-race winnings now applies to aggregate amounts exceeding the monetary threshold within a financial year.
Tax deduction for winnings from horse races is amended so that withholding is required on the amount or aggregate of amounts exceeding the monetary threshold during the financial year; the amendment is effected by Clause 84 of the Finance Bill, 2023 and takes effect from the commencement of the relevant financial year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.