New Delhi: Senior citizens have a lot to cheer for with the new Budget increasing tax relief for them but Bollywood feels that they got a raw deal from Finance Minister P Chidambaram this year.
The Indian Motion Picture Producers’ Association (IMPPA) has written to the Prime Minister and the Finance Minister expressing its unhappiness about the apathy shown by the Government to the needs and demands of the industry.
IMPPA, in a statement, says that it was hopeful that this year the service tax and customs duty would be slashed.
The association feels that the Central government has always turned a deaf ear to the demands of the industry, which according to them is in shambles barring a few filmmakers who have got corporate help.
An irate IMPPA explains that film producers have to shell out tax at every stage of production – when the film is under production to when tickets are sold in the form of entertainment tax.
The association has now requested the Government to “abolish customs duty and service tax.”
“Kindly abolish customs duty, service tax and other unbearable taxes and give relief to film producers in other taxes such as income tax so that the industry survives,” the statement appealed to the Government.
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