In the case of winnings from horse races, TDS @ 30% u/s 194BB will be applicable if the amount exceeds Rs 10,000.
Horse race and camel race both are casual income and taxable @ 30% in ifos but tds is only deducted on horse race if income exceed 10000
Hence no tds on camel race us 194bb
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
