194BB.43Any 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 exceeding 44[five thousand rupees] shall, at the time of payment thereof, deduct
income-tax thereon at the rates in force.