There is something to cheer about for the film industry in the Union Budget 2012-13. While presenting the Union Budget 2012-13 in LokSabha today, the Finance Minister ShriPranab Mukherjee said that the year 2012 marked the beginning of the Centenary year of Indian Cinema. To add to the spirit of the celebration, he proposed to exempt the industry from Service Tax on copyrights relating to recording of cinematographic films.
Service Tax Exempted on Copyrights Relating to Recording of Cinematographic Films
Last updated: 17 March 2012
Follow on
Google News
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Comments
Recent News :
- MCA Releases Corporate Mitra Scheme Guidelines 2026
- ICAI, ICSI, ICMAI & IIT Madras Join MCA's Corporate Mitra Scheme for MSME Growth
- Income Tax Department Enables Online Challan Correction Facility
- RBI Withdraws Obsolete FEMA Circulars to Simplify Foreign Exchange Regulatory Framework
- RBI Issues TReDS Directions 2026, Simplifies Framework for MSME Financing
- ICSI Urges Members to Update Contact Details Ahead of Election Process
- Finance Ministry Notifies Jan Vishwas Act Amendments for RBI, LIC, Insurance and PFRDA Laws from 23rd June 2026
- ICAI President Calls Yoga a Blueprint for Balanced Professional Life on Yoga Day 2026
- MCA Extends Name Reservation and E-Form Resubmission Deadlines Till July 10, 2026
- MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026
Popular News
- GSTN Issues Advisory on e-Invoice API and e-Way Bill by IRN API Changes Effective from 1st August 2026
- MCA Releases Corporate Mitra Scheme Guidelines 2026
- MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026
- RBI Streamlines Payment System Regulations with Comprehensive Master Directions
- Income Tax Act 2025: Key FAQs on Proposed Tax Exemption for FIIs Investing in G-Secs
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
