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of <h1>Bookmaker must deduct income tax on horse-race winnings over ?10,000 at time of payment by law</h1> A bookmaker or a person holding a government licence to operate or arrange wagering at a racecourse must deduct income tax at prevailing rates at the time of payment on any horse-race winnings paid to a payee where the amount of a single transaction exceeds ten thousand rupees. The obligation to deduct arises upon payment of such winnings by the bookmaker or licensed operator.
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