Section 194BB
Winnings from horse race. Repealed
About this Act
An Act to consolidate and amend the law relating to income-tax and super-tax
2Any 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 in an amount exceeding3
ten thousand
rupees shall, at the time of payment thereof, deduct income-tax thereon at the rates in force.
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Notes
1. The proviso omitted by Act 27 of 1999, s. 70 (w.e.f. 1-4-2000).
2. Ins. by Act 19 of 1978, s. 21 (w.e.f. 1-4-1978).
3. Subs. by Act 28 of 2016, s. 73, for “five thousand rupees” (w.e.f. 1-6-2016).
2. Ins. by Act 19 of 1978, s. 21 (w.e.f. 1-4-1978).
3. Subs. by Act 28 of 2016, s. 73, for “five thousand rupees” (w.e.f. 1-6-2016).