Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Service Tax »
Open DEMAT Account in 24 hrs
 Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms
 How to maximize tax benefits for senior citizens in India
 Income tax return filing: ITR filing 2024 date is upon us, but should you rush to file?
 Income Tax Return AY 2024-25: ITR-1, ITR-2, ITR-4 Enabled for Online Filing; Check Details
 New Tax Regime: What Is It? How Can You Opt For It? Comparison With Old One
 6 Ways to Save Income Tax On New & Old Tax Regime for FY 2023-24
 Income Tax SFT return filing due date extension: Facility to remain open for a couple of days Latest news
 Income tax filing: Waiting for your Form 16? Here is what you need to know
 Salaried? Rental tax calculation rules you should know before ITR filing in 2023
 What are new tax regime's slabs? Know its limits, benefits, and more
 How much additional tax do you need to pay? ITR filing last date for FY 2019-20

Film industry to fast against service tax on January 7
December, 31st 2012

Movie-goers may want to mark January 7 on their calendar as the theatres in the city are likely to remain shut. Theatre owners have been requested to remain closed as a mark of support to the film fraternity's day-long fast demanding repeal of service tax by the Centre.

The Tamil film fraternity will go on a fast protesting against their inclusion in the service has announced that they will go on a fast protesting against the negative-list based

service tax that was introduced from July 1. Though producers, distributors and exhibitors were kept out of the tax ambit, actors, directors, photographers and choreographers were included. The film fraternity says this move does not help the industry in anyway because the tax is anyway passed on to people who belong in the exempted category - producers, distributors and exhibitors. "The actor who has to pay the service tax will ask the producer to include it in his salary," says R Sarathkumar, actor and the president of the South Indian Film Artistes Association. "The producer will then pass on the excess cost to the distributor who in-turn will pass it to the exhibitor. There the line gets stuck as he can't charge his movie goers, because tickets prices are controlled by the state government," he said.

According to the new service tax rule, tax has to be paid immediately after the film is completed. "Many completed films do not get released and the tax burden is massive ," says Sarathkumar.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting