https://www.taxtmi.com/manuals?id=1246 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. en-us Mon, 05 Oct 2015 11:12:00 +0530 Fri, 11 Apr 2025 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1246 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. Manuals Income Tax Mon, 05 Oct 2015 11:12:00 +0530 https://www.taxtmi.com/manuals?id=1246