entertainment tax News
Union Budget 2014: Will Narendra Modi government make Bollywood happy?
The first Union budget under NaMo’s government will be out today. Will B-townies be happy?
Narendra Modi got a great support from Indians and he came to power. But will he be equally supportive to the ones who brought him to power? Finance Minister Arun Jaitley will soon be revealing everything about the Union Budget 2014. Click here to read more
Bhaag Milkha Bhaag tax-free status helps box office collections
The Milkha Singh biopic has been exempted from entertainment tax in four Indian states
Helping its box office run, Bollywood biopic Bhaag Milkha Bhaag is getting tax incentives from state governments in India. Several states seem to be tripping over each other to exempt entertainment tax on the film about India’s Olympic athlete Milkha Singh. They think the film will inspire national pride and a tax break will lower the ticket price for audiences, thus encouraging more movie-going. Click here to read more
Bhaag Milkha Bhaag is tax-free in Delhi
Delhi Chief Minister Sheila Dikshit was moved by the Milkha Singh biopic and immediately granted tax sops
After Maharashtra and Madhya Pradesh, it is Delhi’s turn to celebrate the spirit of director Rakeysh Omprakash Mehra’s Bhaag Milkha Bhaag starring Farhan Akhtar as Olympian Milkha Singh. On July 23, Delhi Chief Minister Sheila Dikshit watched the film and immediately granted it exemption from entertainment tax. Click here to read more
Why is the touring talkie in Maharasthra dying?
The concept of the watching movies in a tent no longer appeals to audiences in the drought-ridden state’s villages…they prefer cable TV or DVDs at home!
Marathi film Touring Talkies (directed by Gajendra Ahire) has been in the news lately, and it brings back into focus the business of travelling theatres. Still running in rural India in spite of the penetration of cable TV, DVDs and the Internet – in some places – the concept of watching films in a mobile theatre is dying a slow death every day. Click here to read more
Rajinikanth asks government to withdraw entertainment tax
The Union government has introduced an new entertainment tax on actors and technicians
Superstar Rajinikanth on Monday urged the Union government to withdraw its proposal to introduce the tax along with other actors. Click here to read more
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
Bollywood strike on February 23 called off
The Bollywood strike on February 23 to protest against the imposition of a service tax on the film industry has been called off after a meeting with Finance Minister Pranab Mukherjee, industry officials said Tuesday. “This strike has been called off. We had a meeting with the finance minister and he has asked us to wait till the budget,” producer Ratan Jain said. “He understood our problem and we decided not to go for a strike till March 16 until the budget comes out. So, all the multiplexes and Bollywood will continue to move on without any strike on February 23,” he added.
Film & Television Producers Guild of India vice-president Mukesh Bhatt also said that after the positive meeting with the finance minister, they have decided to remain patient till the budget. “His hands are tied right now and I will respect that. I am glad about the fact that he heard our plea patiently and has asked us to wait till the budget,” he said, adding they will wait till March 16 and then take a decision on their future course of action. The industry seems to be relieved with this decision.Click here to read more