Section 194BB: Winnings from horse race

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Winnings from horse race.

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 [in respect of a single transaction] exceeding ten thousand rupees [***], shall, at the time of payment thereof, deduct income-tax thereon at the rates in force.

Where this provision sits

Act	The Income-tax Act, 1961
Section	194BB
Marginal note	Winnings from horse race
Jurisdiction	Central
Status	Repealed

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act No. 7 of 2025. Sub. for "or aggregate of amounts" by Act No. 7 of 2025, w.e.f. 1-4-2025.
other, Act No. 7 of 2025. Words "during the financial year" omtt. by Act No. 7 of 2025, w.e.f. 1-4-2025.

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