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!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning
 What Are 5 Heads Of Income Tax?
 Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals
  Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Why you need not rush to file your ITR immediately
 Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing
 Section 80DDB tax benefits for specified illnesses: 5 things to know
 Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes
 ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal
 How To Save Tax For Salary Above 15 Lakhs?

Broadcasters demand exemption in tax
June, 13th 2009

News Broadcasters Association has demanded exemptions in service tax, fringe benefit tax and hike in government advertisement rates as part of its pre-budget proposals. The proposals have been submitted before the finance ministry.

Chief among them is the plea that advertisements in news and current affairs channels should not attract service tax. Arguing that the reach of electronic media -- with 600 million TV viewers -- was every high, NBA pointed out that service tax was hurting the industry.

The Association also said that government should extend its "stimulus package" for the print media to electronic media as well. The government had announced a 10% hike in advertisement rates as special relief to documentary proof of loss of revenue in non-government advertisements with a waiver of 15% agency commission on DAVP advertisements with effect from February 28 to June 30, 2009. This relief was only for the print media.

The broadcasting industry has also asked for reduction in fringe benefit tax from 20% to 5%-7% as in the case of pharma and software industries.

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