Section 15 • The Assam Amusements and Betting Tax Act, 1939
Section 15 - Tax on totalisators and payment thereof
There shall as from the date on which this Act comes into force, be charged, levied and paid to the Government of Assam out of all monies paid into any totalisator by way of stakes or bets, a tax on backers hereinafter referred to as the totalisator tax, amounting to ["five percent"][80]of every sum so paid; and ("five percent"][81] of every sum so paid into a totalisator shall be deemed to have been paid by the backer on account of the totalisator tax, and shall be received by the stewards of the race-meeting on behalf of Government.
{
"act_title": "The Assam Amusements and Betting Tax Act, 1939",
"act_slug": "assam-amusements-and-betting-tax-act-1939",
"section_label": "Section",
"section": {
"number": "15",
"title": "Section 15 - Tax on totalisators and payment thereof",
"chapter": null,
"content": "There shall as from the date on which this Act comes into force, be charged, levied and paid to the Government of Assam out of all monies paid into any totalisator by way of stakes or bets, a tax on backers hereinafter referred to as the totalisator tax, amounting to [\"five percent\"][80]of every sum so paid; and (\"five percent\"][81] of every sum so paid into a totalisator shall be deemed to have been paid by the backer on account of the totalisator tax, and shall be received by the stewards of the race-meeting on behalf of Government.",
"footnote": "",
"is_definition": false,
"sort_order": 27
},
"prev_section": "14",
"next_section": "16"
}
