Betting Tax

Tax192512 sections

Statutory text

(1) There shall be * * * * be charged, levied and paid to the [Government of Maharashtra] out of all monies paid or agreed to be paid to a licensed bookmaker by a backer in respect of a bet made in an enclosure set apart by the licensees in accordance with the provisions of the Bombay Race-courses Licensing Act, 1912 [or of as the case may be the Maharashtra Dog Race-courses Licensing Act, 1976.] on any race, [held on a race-course, being a race-course which is situated in this State or outside it] a tax, hereinafter referred to as the betting tax, at such rate not of exceeding [15 per cent] of all such monies as the [State Government] may notify in this behalf.
(2) The betting tax shall be collected and paid to Government in such manner as may be prescribed. [(3) The betting tax payable under this section shall on default be recoverable from the defaulter as an arrear of land revenue.]

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