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BUDGET 2012: Bollywood gets exemption from service tax News

  • | July 3rd, 2012

    Bollywood stars upset over service tax hike

    Bollywood stars upset over service tax hike

    The government has decided to levy a 12.36 percent service tax on Bollywood actors. This decision has not gone down well with our B-town stars, of course, and they have been venting their anger on social networking sites
    Let’s make the math easy. Every time Salman Khan walks away with Rs 27 crore for a film (his estimated acting fee), the government will snatch away Rs 3.37 crore in the name of service tax. Click here to read more

  • | March 16th, 2012

    BUDGET 2012: Bollywood gets exemption from service tax

    BUDGET 2012: Bollywood gets exemption from service tax

    The film industry won’t go on strike as planned earlier, after some tax relief in Union Budget 2012
    Producer Mukesh Bhatt is delighted with the government’s decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news. Post “the best gift” from Finance Minister Pranab Mukherjee while presenting the budget for 2012-13 in the Lok Sabha on Friday, the industry has no plans to go on strike – as it had threatened to on the tax issue. Click here to read more