Winnings from a horse race
- Rate
- Rates in force
- Threshold
- ₹10,000 for a single transaction
- Who deducts
- Bookmaker or a person licensed for horse racing, wagering or betting
- 1961 Act
- Section 194BB
Section finders.393(3) [Table: Sl. No. 3]Act page 481
Section 194BB in the Income-tax Act, 2025
The answer
Section 194BB of the Income-tax Act, 1961 is s.393(3) [Table: Sl. No. 3] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
As enacted
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 481. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.
Questions this answers
What is section 194BB called in the Income-tax Act, 2025?
Section 194BB of the Income-tax Act, 1961 is s.393(3) [Table: Sl. No. 3] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
What is the TDS rate and threshold under s.393(3) [Table: Sl. No. 3]?
Rate: Rates in force. Threshold: ₹10,000 for a single transaction. It covers: Winnings from a horse race.