{"id":1776,"date":"2025-03-31T12:18:27","date_gmt":"2025-03-31T06:48:27","guid":{"rendered":"https:\/\/www.caclubindia.com\/guide\/?p=1776"},"modified":"2025-06-26T15:55:42","modified_gmt":"2025-06-26T10:25:42","slug":"tds-on-horse-race-winnings","status":"publish","type":"post","link":"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/","title":{"rendered":"TDS on Horse Race Winnings: New Rules From April 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings-1024x538.png\" alt=\"\" class=\"wp-image-1777\" srcset=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings-1024x538.png 1024w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings-300x158.png 300w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings-768x403.png 768w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As per section 194BB of the Income Tax Act of 1961, <strong>Winnings from horse race\u2015 <\/strong><\/p>\n\n\n\n<p>Any person, being a bookmaker or a person to whom a license 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 ten thousand rupees shall, at the time of payment thereof, deduct income-tax thereon at the <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/tds-rates\/\">rates<\/a><\/strong> in force.<\/p>\n\n\n\n<p>Starting April 1, 2025, there will be substantial modifications to the Tax Deducted at Source (TDS) on horse racing winnings as outlined in Section 194BB of the Income Tax Act.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#As_Per_The_Finance_Bill_2025\" >As Per The Finance Bill, 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#New_Threshold_for_TDS\" >New Threshold for TDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#TDS_Rate\" >TDS Rate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#Applicability\" >Applicability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#Implications_For_Winners\" >Implications For Winners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#Example\" >Example<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#How_will_the_removal_of_the_aggregate_threshold_limit_affect_prize_distributors\" >How will the removal of the aggregate threshold limit affect prize distributors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#Penalties_For_Non-Compliance\" >Penalties For Non-Compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caclubindia.com\/guide\/tds-on-horse-race-winnings\/#Exemptions_To_The_TDS_Rules_us_194BB\" >Exemptions To The TDS Rules u\/s 194BB<\/a><\/li><\/ul><\/nav><\/div>\r\n<h2 class=\"wp-block-heading has-text-align-left\"><span class=\"ez-toc-section\" id=\"As_Per_The_Finance_Bill_2025\"><\/span>As Per The Finance Bill, 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/Section-194BB-1024x538.png\" alt=\"\" class=\"wp-image-1778\" srcset=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/Section-194BB-1024x538.png 1024w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/Section-194BB-300x158.png 300w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/Section-194BB-768x403.png 768w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/Section-194BB.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-left\"><strong><em>The amendments are designed to streamline compliance for both prize distributors and winners, minimizing confusion related to cumulative calculations of winnings over the financial year.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_Threshold_for_TDS\"><\/span>New Threshold for TDS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The most significant change is eliminating the aggregate threshold limit of \u20b910,000. <\/p>\n\n\n\n<p>Previously, TDS applied when the total winnings from a single-payer exceeded this amount within the financial year. <\/p>\n\n\n\n<p>According to the new regulations, TDS will now be deducted only if an individual transaction surpasses \u20b910,000.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Rate\"><\/span>TDS Rate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>TDS rate remains at 30% on winnings from horse races<\/strong>, with no additional surcharges or cess applicable. This rate will be applied at the time of payment to the winner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applicability\"><\/span>Applicability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The obligation to deduct TDS falls on bookmakers or licensed entities engaged in horse racing and wagering activities. They must withhold tax prior to distributing winnings that surpass the specified threshold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Implications_For_Winners\"><\/span>Implications For Winners<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Winners are required to report their earnings in their income tax returns, even if TDS is not deducted because the winnings are below \u20b910,000.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Example\"><\/span>Example<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Winnings: \u20b915,000<br><strong><span style=\"text-decoration: underline;\">TDS Deduction<\/span><\/strong><br>TDS Rate: 30%<br>TDS Amount: \u20b915,000 \u00d7 30% = \u20b94,500<br><strong><span style=\"text-decoration: underline;\">Amount Received<\/span><\/strong><br>After TDS deduction: \u20b915,000 &#8211; \u20b94,500 = \u20b910,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The winner must report the full \u20b915,000 as income in their tax return and will receive a credit for the \u20b94,500 TDS deducted. This amount can be adjusted against their total tax liability.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"680\" src=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings-Process.png\" alt=\"\" class=\"wp-image-1779\" srcset=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings-Process.png 700w, https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/03\/TDS-on-Horse-Race-Winnings-Process-300x291.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p>These changes signify a broader shift in tax regulations, focused on improving transparency and streamlining tax collection from gambling and betting activities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_will_the_removal_of_the_aggregate_threshold_limit_affect_prize_distributors\"><\/span>How will the removal of the aggregate threshold limit affect prize distributors?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Individual Transaction Reporting<\/li>\n\n\n\n<li>Immediate Compliance<\/li>\n\n\n\n<li>Administrative Efficiency<\/li>\n\n\n\n<li>Reduced Complexity<\/li>\n\n\n\n<li>Cash Flow Considerations<\/li>\n\n\n\n<li>Immediate Tax Deductions<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Penalties_For_Non-Compliance\"><\/span>Penalties For Non-Compliance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Interest Penalty &#8211; <\/strong>If an entity fails to deduct TDS or does not deposit the deducted TDS within the stipulated time, interest will be charged at the rate of 1% per month for the period of delay in deducting and 1.5% per month for the period of delay in depositing TDS.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Late Filing Fee under Section 234E &#8211; <\/strong>If TDS returns are filed late, a fee of \u20b9200 per day is applicable until the failure is rectified. However, the total fee cannot exceed the amount of TDS that should have been deducted or paid.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>General Penalty under <a href=\"https:\/\/www.caclubindia.com\/guide\/section-271c-of-income-tax-act\/\">Section 271C<\/a> &#8211;<\/strong> A penalty can be imposed under this section if a person fails to deduct TDS. The penalty can be equal to the amount of tax that should have been deducted.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Penalty Under Section 276B &#8211;<\/strong> If a taxpayer fails to pay the TDS after deduction, they can face imprisonment for a term ranging from 3 months to 7 years and can also attract a fine.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exemptions_To_The_TDS_Rules_us_194BB\"><\/span>Exemptions To The TDS Rules u\/s 194BB<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>TDS under Section 194BB is only applicable if the income exceeds a certain amount. If the total income from the specified games is below \u20b910,000 in a financial year, TDS is not applicable.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If the income is earned by a non-resident player, TDS provisions may differ, and tax liability may be determined based on the provisions related to non residents. Generally, non-residents may be subject to different tax rates under relevant Double Taxation Avoidance Agreements (DTAA).<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>TDS does not apply unless the income has been explicitly assessed as income under the Income Tax Act. If a player does not meet the criteria for being subjected to income tax on winnings from such games, TDS may not be applicable.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Regular participants in horse races who expect substantial winnings can apply for an exemption certificate under Section 197. This certificate allows them to receive their winnings without any TDS deduction, provided it is valid for a specific period and must be renewed before expiration<\/li>\n<\/ul>\n\n\n\n<div class=\"schema-how-to wp-block-yoast-how-to-block\"><p class=\"schema-how-to-description\"><strong>FAQs<\/strong><\/p> <ol class=\"schema-how-to-steps\"><li class=\"schema-how-to-step\" id=\"how-to-step-1743403378264\"><strong class=\"schema-how-to-step-name\">What is the new TDS rule u\/s 194BB?<\/strong> <p class=\"schema-how-to-step-text\">Currently, TDS is deducted on winnings from horse races if the total winnings exceed \u20b910,000 in a financial year.<br\/>But starting from 1st April 2025, TDS will be applied on each individual transaction exceeding \u20b910,000.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1743403407053\"><strong class=\"schema-how-to-step-name\">Who is liable to deduct TDS under Section 194BB?<\/strong> <p class=\"schema-how-to-step-text\">Bookmakers and licensed racecourse operators must deduct TDS before making payments.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1743403430845\"><strong class=\"schema-how-to-step-name\">How will this amendment impact winners?<\/strong> <p class=\"schema-how-to-step-text\">Winners will now face TDS deduction on every winning transaction exceeding \u20b910,000, rather than the cumulative winnings over a financial year.<\/p> <\/li><\/ol><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As per section 194BB of the Income Tax Act of 1961, Winnings from horse race\u2015 Any person, being a bookmaker [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1777,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>TDS on Horse Race Winnings: New Rules From April 2025 - Tax Guide<\/title>\r\n<meta name=\"description\" content=\"TDS on Horse Race Winnings is deducted at rate of 30% u\/s 194BB. 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