TDS Threshold for Horse Race Winnings Raised to Rs. 10,000 u/s 194BB, Doubling Previous Limit of Rs. 5,000.

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Full Text of the Document

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....Amendment of section 194BB. - TDS any person responsible for paying to any person any income by way of winning from horse race in excess of five thousand rupees shall deduct income-tax on such payment at the rates in force. - the said threshold limit from five thousand rupees to ten thousand rupees.....