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Section21
The Finance Act, 1978

Insertion of new section 194BB

In force Act 19 of 1978 As on 18 Oct 2026

Act 19 of 1978 Ministry Finance Enacted 12 May 1978

Section 21 of the Finance Act, 1978 deals with insertion of new section 194BB. Insertion of new section 194BB. 21. After section 194B of the Income-tax Act, the following section shall be inserted, namely:— " 194BB. The Act was enacted on 12 May 1978.

Insertion of new section 194BB.

21. After section 194B of the Income-tax Act, the following section shall be inserted, namely:—

" 194BB. Winnings from horse race.—Any 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 two thousand five hundred rupees shall, at the time of payment thereof, deduct income-tax thereon at the rates in force:

Provided that no deduction shall be made under this section from any payment made before the 1st day of June, 1978. ".

[Finance Act, 1978]

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Section 21, The Finance Act, 1978 (Act 19 of 1978).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 194B Winnings from lottery or crossword puzzle, etc

Questions about Section 21

What does Section 21 of the Finance Act deal with?

Section 21 of the Finance Act is headed "Insertion of new section 194BB". Insertion of new section 194BB. 21. After section 194B of the Income-tax Act, the following section shall be inserted, namely:— " 194BB.

How do I find court cases under Section 21 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1978 21, section 21 Finance Act 1978, section 21 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 21 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 194B (Winnings from lottery or crossword puzzle, etc), so none of them can safely be read on its own.

When was Section 21 of the Finance Act enacted?

Section 21 of the Finance Act, cited as Finance Act 1978 21, was enacted on 12 May 1978 as Act 19 of 1978. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.