2Any 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 in an amount exceeding3 ten thousand rupees shall, at the time of payment thereof, deduct income-tax thereon at the rates in force.
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1. The proviso omitted by Act 27 of 1999, s. 70 (w.e.f.
1-4-2000).
2. Ins. by Act 19 of 1978, s. 21 (w.e.f. 1-4-1978).
3. Subs. by Act 28 of 2016, s. 73, for "five thousand rupees" (w.e.f. 1-6-2016).