Section 18 - Betting tax

{
    "act_title": "The Assam Amusements and Betting Tax Act, 1939",
    "act_slug": "assam-amusements-and-betting-tax-act-1939",
    "section_label": "Section",
    "section": {
        "number": "18",
        "title": "Section 18 - Betting tax",
        "chapter": null,
        "content": "(1)     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 received by a [licenced bookmaker for horse-race][82] for bets made in an enclosure set apart on any race, a tax on backers, hereinafter referred to as the betting tax, [\"on horserace\"][83] amounting to [\"ten percent\"][84] of all such monies.\r\n\r\n \r\n\r\n(2)     The betting tax [\"on horse race\"][85] shall be deducted or collected by the [licenced bookmaker for horse-race][86] from such monies, or in the case of credit bets at such time as may be prescribed, and shall be deemed to have been paid by the backer on account of the tax, and shall be retained by the [licenced bookmaker for horserace][87] on behalf of Government.\r\n\r\n[\"(3) \" Deleted][88]\r\n\r\n[\"(4) \" Deleted][89]\r\n\r\n[\"(5)\" Deleted][90]",
        "footnote": "",
        "is_definition": false,
        "sort_order": 30
    },
    "prev_section": "17",
    "next_section": "19"
}