STOCK MARKET BSE NSE

'Neerja, 'Jai Gangajal' Go Tax-free in Madhya Pradesh

Madhya Pradesh Govt announced waiving off entertainment tax on Bollywood films \"Neerja\" and \"Jai Gangaajal\" which are based on women-centric issues.

Published: 10th March 2016 12:13 AM  |   Last Updated: 10th March 2016 12:13 AM   |  A+A-

By PTI

BHOPAL: Madhya Pradesh Government today announced waiving off entertainment tax on Bollywood films "Neerja" and "Jai Gangaajal" which are based on women-centric issues.

"The movies 'Neerja' and 'Jai Gangaajal' will be free from entertainment tax in Madhya Pradesh on account of International Women's Day which was celebrated yesterday," Finance Minister Jayant Malaiya said in his reply to a debate on the budgetary demands in the Legislative Assembly.

"Neerja", directed by Ram Madhvani with Sonam Kapoor playing the lead, revolves around an attempt by terrorists to hijack Pan Am Flight 73 in Karachi in 1986, which was thwarted due to the exemplary courage displayed by head purser Neerja Bhanot.

"Jai Gangaajal", directed by Prakash Jha, is a sequel to the 2003 crime film "Gangaajal", and stars Priyanka Chopra in the lead role.

Malaiya further told the House that revenue collection from commercial tax is expected to be around Rs 23,350 crore during FY16 as against Rs 3,952 crore in 2003-04.

"Despite the economic slowdown, we have collected 9 per cent more commercial tax by January 16 than the corresponding time of the last fiscal," the finance minister said.

He said the government will levy six per cent Entry Tax on goods to offset the loss caused to state exchequer due to e-commerce.

Malaiya announced that the personnel of Army, BSF will get hefty tax concession on purchases from canteens.

"The tax (on canteen items) is going to be 4 per cent instead of 15 per cent," he added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp