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India Equity Research Reports, IPO and Stock News
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The annual budget will be presented today and it's not just the aate-daal ka bhaav that's at stake.
Bollywood, the country's biggest, most glamourous industry, claims that it is sidelined in the union budget and also faces its after-effects. Does the government provide special provisions for the biggest film industry in the world that churns out over a thousand films per year? Are various taxes taking away a part of Bollywood's profit? Do Bollywood stars and filmmakers enjoy any perks in the form of tax rebates?
Komal Nahta, Trade Analyst "Bollywood personalities are misrepresented. The government thinks it's a glamourous industry and everyone leads a luxurious life, but the truth is: only five per cent of the people here are actually rich."
Vikas Mohan, Trade Analyst "40 per cent of the film's budget goes in taxes."
Aamir Khan, Actor "I don't think the entertainment taxes should increase."
Onir, Filmmaker
"Some countries support their film industries, but our government believes in imposing heavy taxes and exploiting us."
Abhay Deol, Actor
"Some countries treat cinema as art and help them thrive. I would love to see the Indian government support us."
Sanjay Suri, Actor
"Government eats into our profit share with VAT, entertainment tax, service tax, etc."
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
The annual budget will be presented today and it's not just the aate-daal ka bhaav that's at stake.
Bollywood, the country's biggest, most glamourous industry, claims that it is sidelined in the union budget and also faces its after-effects. Does the government provide special provisions for the biggest film industry in the world that churns out over a thousand films per year? Are various taxes taking away a part of Bollywood's profit? Do Bollywood stars and filmmakers enjoy any perks in the form of tax rebates?
Komal Nahta, Trade Analyst "Bollywood personalities are misrepresented. The government thinks it's a glamourous industry and everyone leads a luxurious life, but the truth is: only five per cent of the people here are actually rich."
Vikas Mohan, Trade Analyst "40 per cent of the film's budget goes in taxes."
Aamir Khan, Actor "I don't think the entertainment taxes should increase."
Onir, Filmmaker
"Some countries support their film industries, but our government believes in imposing heavy taxes and exploiting us."
Abhay Deol, Actor
"Some countries treat cinema as art and help them thrive. I would love to see the Indian government support us."
Sanjay Suri, Actor
"Government eats into our profit share with VAT, entertainment tax, service tax, etc."
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