Section 194BB TDS on Winning from Jackpot/LotteryHorse Racing

Last updated at April 16, 2024 by

following persons to deduct tax at source -

(i) a bookmaker; or

(ii) a person to whom a license has been granted by the Government under any law for the time being in force -

(a) for horse racing in any race course; or

(b) for arranging for wagering or betting in any race course

 

Cutoff is Rs 5000 10000 (New Amendment from 1-6-2016)
 .

TDS Rate is 30%

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.