CA.R.S.KALRA
Quick Summary
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 w
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
A bookmaker or a person licensed by the Government for horse racing or arranging betting is responsible for deducting TDS.
TDS must be deducted at the time of paying the winnings from a horse race.
The TDS rate is 30%. No surcharge or Health & Education Cess is added; it's deducted at the basic rate.
TDS is deductible if the winnings from a horse race exceed ten thousand rupees.
No, it is not possible to receive payment without tax deduction or with a lower tax deduction under this section.
CAclubindia
