Tax deduction on horse-race winnings applies above the single-transaction threshold, with licensed bookmakers and operators responsible for withholding.

Tax deduction at source applies to horse-race winnings exceeding Rs.10,000 in a single transaction. A bookmaker or Government-licensed person conducting horse racing or wagering must deduct tax at the rates in force. The obligation is limited to horse-race winnings and to this specified category of deductors. The payment nature, payer, rate and threshold correspond to the framework under Section 194BB of the Income-tax Act, 1961.

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