https://www.taxtmi.com/manuals?id=1261 Tax deduction on horse race winnings applies where a bookmaker or a Government-licensed person conducting horse racing or wagering makes winnings exceeding Rs.10,000 in a single transaction. Tax is deductible at the rates in force. The requirement is confined to horse race winnings and applies to the specified licensed bookmaker or operator. Section 393(3), Table serial number 3, and section 194BB follow the same treatment regarding the payment, payer, rate, and threshold. en-us Mon, 05 Oct 2015 11:28:00 +0530 Sat, 29 Aug 2026 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1261 Tax deduction on horse race winnings applies where a bookmaker or a Government-licensed person conducting horse racing or wagering makes winnings exceeding Rs.10,000 in a single transaction. Tax is deductible at the rates in force. The requirement is confined to horse race winnings and applies to the specified licensed bookmaker or operator. Section 393(3), Table serial number 3, and section 194BB follow the same treatment regarding the payment, payer, rate, and threshold. Manuals Income Tax Mon, 05 Oct 2015 11:28:00 +0530 https://www.taxtmi.com/manuals?id=1261