Tax deduction on horse-race winnings applies to licensed bookmakers when single-transaction winnings exceed the prescribed threshold.

Tax deduction at source on horse-race winnings applies where a bookmaker or a Government-licensed person conducting horse racing or wagering pays winnings exceeding Rs.10,000 in a single transaction. Tax is deductible at the rates in force. The obligation is confined to horse-race winnings and a limited class of licensed deductors, corresponding to the framework under section 194BB of the Income-tax Act, 1961.

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