Horse-race winnings tax deduction applies to qualifying single transactions, requiring licensed bookmakers and operators to deduct tax at applicable rates.

Tax deduction at source on winnings from horse races applies where winnings from a single transaction exceed the prescribed threshold. A bookmaker or Government-licensed person conducting horse racing or wagering must deduct tax at the rates in force. The obligation is confined to horse-race winnings and to the specified category of licensed deductors, with a transaction-based threshold for deduction.

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