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i)
Betting
made in the race meets of Chennai and Ooty and
ii) Intervenue
bettings. Bets are of two
kinds. a) Totalizator and b)
Book-makers Totalizator tax
is levied on money paid by backers to the device (machine, instrument or
contrivance). Book-makers tax
is levied on the money paid by backers to the person licenced. Intervenue bettings
available at Chennai and Ooty for backers to bet for the races meets held
at Hyderabad, Bangalore, Bombay, Calcutta, Mysore and Pune. Madras
1)
Regular Rates
Totalizator Tax rate
- 25% }
of money paid
Betting tax by Book-makers - 20% }
by backers. 2)
Intervenue
Betting Totalizator Tax -
20%
S.C. 5% Ooty
1)
Betting tax rate -
20% For
1) Totalizator tax and
2) for Book-makers 2)
Intervenue
Betting Totalizator Tax
- 20% Surcharge will be levied at 5% on tax. |
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