B R Sharan Kumar

        Ill-advised or brilliant strategy?   By Sharan Kumar   The Government of India recently introduced in its financial bill the clause that all earnings on betting when it exceeds Rs 10000 are subject to TDS (Tax Deducted at Source) of 30 per cent. The amendment was in respect of 194 BB in respect of the Rs 10000 allowance for a year as against the clubs’ practising the allowance per transaction.  The amendment has wider implications for the sport, including crippling it in the long run. The new rule entails the clubs keep the KYC of all punters so that the earnings from betting are to be taxed when it exceeds Rs 10000 under Rule 194 BB.   Almost all the turf clubs in India have fallen in line and implemented the new rule. A punter must have KYC if he has to encash his winning ticket or otherwise a TDS of 30 per cent is deducted. The clubs did not take up the issue when the bill was introduced and woke up to its implications when it was too late. The Bangalore Tu