Section 393(3); Table [For Payments to Any person] - Winnings from Horse Race

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Full Text of the Document

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.... 3 Winnings from horse race Bookmaker or licensed race-course operator Rates in force Rs.10,000 per single transaction Scope of the provision Applies to winnings from horse races. Person responsible to deduct tax The obligation is cast upon- • a bookmaker; or • a person licensed by the Government for horse racing or wagering. Ra....