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TDS u/s 194BB

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(Querist)
27 March 2010 Whether cost incurred towards winning from horse race is allowed while deducting TDS
For Example: Mr.X wins Rs.10000 from horse race(by betting on a horse). The cost incurred towards purchase of betting ticket is Rs.100. Whether TDS to be deducted on Rs.9900 or Rs.10000?
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
27 March 2010 tds will be deducted on full amt. i.e. RS. 10000/-
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G.M.Shree sai

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G.M.Shree sai (Querist)
28 March 2010 Thank you
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