Income from owning and maintaining race horses

It Will Taxable Under The Head "INCOME FROM OTHER SOURCES" Tax Rate Are Normal

But TDS Applies AT These TYPE of INCOME ARE 30%

Owing and Maintainance has somewhat of business activity...............

It is taxable under head PGBP and at normal rate................................

Dear Friend,

Activity of "Owing and maaintaining horse races"shall be taxable under the head of INCOME FROM OTHER SOURCE

and the normal slab rate is applicable for the purpose

according to me it is taxable under head income from other sources but slab rate is applicable because when we bifercate gross total income to sec111A & other income ,income from owing & maitaining race horces is kept with other income

i agree with paresh rathod

this income is taxable under other sources at the slab rate.because this is not a casual income.

It Can Be Consider as Other Source & Also Can be PGBP Income If U Show It As Income From Business.

Taxable Normal Rates.

TDS @ 30%

TETAXABLE UNDER THE HEAD OF INCOME FROM OTHER SOURCES AT NORMAL SLAB RATE

Income from owning and maintaining race horses must be shown under the head IFOS.Normal Tax rate is applicable.If the assessee is wholly engaged under that business,then it can be shown under the head PGBF

                  It is Winnings from horce race for which 30% flat rate is lavied U/S115BB.