https://www.taxtmi.com/manuals?id=1261 Tax deduction at source on winnings from horse races applies where winnings from a single transaction exceed the prescribed threshold. A bookmaker or Government-licensed person conducting horse racing or wagering must deduct tax at the rates in force. The obligation is confined to horse-race winnings and to the specified category of licensed deductors, with a transaction-based threshold for deduction. en-us Mon, 05 Oct 2015 11:28:00 +0530 Thu, 30 Jul 2026 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1261 Tax deduction at source on winnings from horse races applies where winnings from a single transaction exceed the prescribed threshold. A bookmaker or Government-licensed person conducting horse racing or wagering must deduct tax at the rates in force. The obligation is confined to horse-race winnings and to the specified category of licensed deductors, with a transaction-based threshold for deduction. Manuals Income Tax Mon, 05 Oct 2015 11:28:00 +0530 https://www.taxtmi.com/manuals?id=1261