@Lucky Laxman-About 20 years ago RWITC had issued a Public Note that when the JP is carried over,the net mount will be added to to the very next meeting of the same centre(except the extra meeting),and as it will  be added to that particular day,it will be treated as Gross Amount and hence the deductions.So it is legal.

What is not legal(as I understand)is they are not adding the C/O J.P. to the next meeting of the same Centre. They are waiting for sometime upto 2 or more months for a big day like Derby. Now they can not bifurcate the amount and give peacemeal to punters. RWITC is adding the whole amount, so 18 puntrers were able to get almost 5 lakhs.Hyderabad  is not adding the whole net amount,so it is illegal. Hyderabad stewards are all also going one step ahead ,and not adding to the races of same centre. On 11-2-2019 a carried over J.P.from Dehi races is being added to Hyderabad races., that is illegal. AlI the punters do not play all the centres.Now those played Delhi races, do not necessarily play Hyderabad races, and have no kowledge of Hyderabad horses. They should be given a chance to recover their money. That is the reason the reason, a rule was made that carried over J.P. should be added to the races of the same centre.

@ Golden girl, 

Its not the courtesy money, if punters played the JP and suppose its not solved also remains as punters money only and they are bound to add the amount is subsequent jp s only. They can't add the JP amount in Forcast or quinella. The only option for them is, they can add at their convenient day. HRC is also doing the same thing. They are splitting the C/O amount as per their convenient. Unsolved they can't take it as their income. 

Laxman,

According to the club,whenever the JP is carried over,it is again subjected to club commission and GST.Club says that when you have invested in JP and lost,it is no longer your money.you have lost it forerever,and it is upto the club ,how to invest it.They have the right to invest any way they want.They are gifting the money to the JP punters by adding it to JP.They might add to any other pool,if they want.In Hyderabad if a JP is carried over,the club bifurcates in small amounts,and adds on different days,as per their own sweet will.Here atleast they are adding the total amount on a single day.As,this carried over amount is added,it is luckily extra money,for the punters,courtesy the club,net money when added becomes gross money,that day,hence subject to all the taxes and GST .

Bhardwaj: As far as winnings from horse  racing is concerned all amounts won by over and above ten thousand are taxable and 30 percent of that winning will de  deducted and collected as tax deducted at source and the same will be deposited in SBI with your PAN no that this tax is paid by you and a certicate to this effect will be given to you mentinong the details of your gross winnings and amount deducted towards TDS. Your net payable amount will be paid by a a/c payee cheque to make it easy for you  to show this in your IT returns and no further tax is required by you to pay and the gross amount will be treated as your tax paid white money income which you can show in your IT returns alongwith your other regular income.

Dear s.c.sharma sir you said 10000 above TDS . That TDS shall we apply for returns and is it possible to get that amount.please let me know sir.

It was a bad logic from Rwitc.  The 1 cr added was gift money to punters and I do not think GST & Club commission was chargeable on that amount too.  The GST & Club commission should be only on sales on that day.  Punters were denied that additional 1.78 lakhs on winner, and about 4100 towars consolation.

S C Sharma:

The 4.80 lakhs is subject to income tax.  TDS will be 30% or 1.44 lakhs.  This is law and one should not fault the law.

The Club should have announced that 54 lakhs net  only will be added.  BNG announced that 54 lakhs will be added.  

Whenever any pool amount carried forward the club makes a announcement with a mention about gross collection amount of that pool. In present case the carried forward amount added was gross collection and not net. . About deductions I can guess near about 40_45 percent amount difference is noticeable in gross and net amount, which is diffinately higher side. From this net amount also anyone winning more than 10,000/_ further 30 percent  tax deducted towards income tax (TDS) which is non refundable. So you imagize the net return for winning punter is how much? Your rupee coming back to you  becoming 25_30 paise, if I am right?

One Crore c/f inclusive of club commission plus GST 337 tkts with Div 11 grand plus

18 tkts with 484 grand plus                       Total Div minus 10 grand taxable @30% 

@ mad max sir, the collection for JP was around 1.3 crores. 

@SMART-STILL sir, if it is the case then how the fraud was occured in BANGLORE TURF CLUB. Not only that in1991-92 there were so many irregularities in INDIAN BANK auditing, and the CA's licences were withdrawn and the then bank chairman Mr. Gopala krishnan was under arrest and sent him behind the bars. So, nothing is impossible here. Please clarify me the added amount 1 crore was after the deduction of GST & CLUB'S COMMISSION ARE NOT. If it is the case again deducting GST & CLUB COMMISSION is unfair and illegal. 

C/o amount is always gross amnt.The moment it becomes payable then get/ commission and all deductions come into picture

Carried over amount was only Rs 54 Lakhs.

Hi Laxmanji,

     Hope you are around this game for quite some time now. If you are a novice, let me tell you that all the state governments depend on race courses for huge financial support. And RWITC can't be any different. It's really shocking to know that the total collection was Rs.2.3 crore (inlcuidng Rs.1 crore c/o) and only Rs.1.24 crore was paid as dividends? Whatever be the case, every race course undergoes proper auditing and, therefore, no amount of bungling will be allowed. What needs to be seen is how RWITC bifurcates the total collections. It again differs from one state to another. 

Kindly any one post how many tickets solved in the jackpot..and how much the dividents..