https://www.taxtmi.com/circulars?id=4645 Deduction of tax at source on horse-race winnings under section 194BB requires bookmakers or licensed organisers to deduct tax at prescribed rates on payments above the threshold; recipients (other than companies) may seek lower or nil deduction via Form 13BB; deducted tax must be paid to the Central Government within one week of deduction or challan receipt; payers must issue Form 19BB as the TDS certificate to payees; and payers must furnish quarterly Form 26BB statements of deductions to the assessing Income tax Officer on prescribed quarter end dates. en-us Thu, 01 Jun 1978 00:00:00 +0530 Fri, 01 Aug 2008 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4645 Deduction of tax at source on horse-race winnings under section 194BB requires bookmakers or licensed organisers to deduct tax at prescribed rates on payments above the threshold; recipients (other than companies) may seek lower or nil deduction via Form 13BB; deducted tax must be paid to the Central Government within one week of deduction or challan receipt; payers must issue Form 19BB as the TDS certificate to payees; and payers must furnish quarterly Form 26BB statements of deductions to the assessing Income tax Officer on prescribed quarter end dates. Circulars Income Tax Thu, 01 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4645