Mera Samvidhaan All of Income-tax Act, 1961

Chapter XVII · Collection and Recovery of Tax

194BBWinnings from horse race.

Section 194BB · Chapter XVII · B.—Deduction at source · page 718 of the Act

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 way of winnings from any horse race, being the amount 32[in respect of a single transaction] exceeding ten thousand rupees 33[***], shall, at the time of payment thereof, deduct income-tax thereon at the rates in force.

32 Sub. for "or aggregate of amounts" by Act No. 7 of 2025, w.e.f. 1-4-2025.

33 Words "during the financial year" omtt. by Act No. 7 of 2025, w.e.f. 1-4-2025.

Section 194BB of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.