Winnings from horse race.194BB. Any 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 78[, being the amount 79[in respect of a single transaction] exceeding ten thousand rupees 80[***],] shall, at the time of payment thereof, deduct income-tax thereon at the rates in force.
78. Sub. for "in an amount exceeding ten thousand rupees" by Act No. 08 of 2023, w.e.f.1-4-2023.
79. Sub. for "or aggregate of amounts" by the Act No. 7 of 2025, w.e.f. 1-4-2025.
80. Words "during the financial year" omtt. by the Act No. 7 of 2025, w.e.f. 1-4-2025.
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