Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Deduction at source on horse race winnings requires the payer to withhold tax when payments exceed the statutory threshold. Where a bookmaker or licensed person paying winnings from horse races is responsible for payment that exceeds the statutory threshold, they must deduct income-tax at source at the rates in force at the time of payment; the withholding obligation is imposed on the payer rather than the recipient.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction at source on horse race winnings requires the payer to withhold tax when payments exceed the statutory threshold.
Where a bookmaker or licensed person paying winnings from horse races is responsible for payment that exceeds the statutory threshold, they must deduct income-tax at source at the rates in force at the time of payment; the withholding obligation is imposed on the payer rather than the recipient.
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