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tds on winning from horse race or camel race?
whether TDs on winning from horse race or camel race is to be deducted in case of resident
Replies (2)
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
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