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<h1>TDS on horse race winnings requires withholding by bookmakers at payment when winnings exceed the threshold.</h1> Section 194BB prescribes withholding on amounts payable as winnings from horse races by bookmakers and persons licensed to conduct or arrange wagering or betting at racecourses. The obligation to deduct arises at the time of payment by the deductor to the winner, with a flat withholding rate and a threshold condition for applicability, amended to change the threshold test.