Section 194BB → Section 209
TDS on winnings from horse races
Quick Answer
Section 194BB of the Income Tax Act, 1961 (TDS on winnings from horse races) corresponds to Section 209 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 194BB
Provision Summary
TDS @ 30% on horse race winnings exceeding Rs. 10,000.
Sec 209
Provision Summary
Merged into the general casual income TDS provisions. Functionality remains identical.
Key Changes & Highlights
- Consolidated for simpler compliance.
Related Sections
Related Articles from the Tax Academy
Frequently Asked Questions
What does Section 194BB of the Income Tax Act 1961 deal with?
Section 194BB (TDS on winnings from horse races) TDS @ 30% on horse race winnings exceeding Rs. 10,000.
What is the new section number for Section 194BB under the Direct Tax Code 2025?
Section 194BB of the ITA 1961 maps to Section 209 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 194BB under the new tax code?
Section 194BB is marked as "Retained" with status "Merged". Impact: Low - Niche gambling provision.
What are the key changes to Section 194BB under DTC 2025?
Consolidated for simpler compliance.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
Need professional help on Section 194BB?
Compare trusted providers — both offer DTC 2025-ready CA services.
*Affiliate links — we may earn a small commission at no extra cost to you. Disclosure.
Want to calculate tax on this section?