Section – 194B : Winnings from lottery or crossword puzzle
March 6, 2018
Section – 194C : Payments to contractors
March 6, 2018

Section – 194BB : Winnings from horse race

194BB. 40-41Any person, being a bookmaker or a person to whom a licence has been granted by the Government under any law for the time being in force for horse racing in any race course or for arranging for wagering or betting in any race course, who is responsible for paying to any person any income by way of winnings from any horse race in an amount exceeding 42[ten thousand rupees] shall, at the time of payment thereof, deduct income-tax thereon at the rates in force.

Leave a Reply

Your email address will not be published. Required fields are marked *

39 − = 37

Stay Connected

Never miss out on what’s new in GST,
Accounting, TDS, and Tax compliance.

Subscribe to our newsletter.

Connect with us on WhatsAapp.

Want to know more about HostBooks?

We'll help you out!

14 − 6 =
Please contact me by: