Five-year tax holiday to multiplexes in Bihar
Bihar's NDA government has decided to extend a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year tax holiday for new entertainment complexes.
By PTI |
PATNA: Bihar's NDA government has decided to extend a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year tax holiday for new entertainment complexes.
+We have decided to encourage promoters giving a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year ta holiday for new entertainment complexes, Deputy Chief Minister-cum-Finance Minister Sushil Kumar modi said today.
Maintaining that the condition of film halls left a lot to be desired, Modi said the owners would get tax holiday and other incentives if they went in for renovation.
+The decision has been taken to give a much-needed boost to the entertainment sector in the state+, he said.
Modi said the state would have a number of multiplexes in a year or two.
+We have decided to encourage promoters giving a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year ta holiday for new entertainment complexes, Deputy Chief Minister-cum-Finance Minister Sushil Kumar modi said today.
Maintaining that the condition of film halls left a lot to be desired, Modi said the owners would get tax holiday and other incentives if they went in for renovation.
+The decision has been taken to give a much-needed boost to the entertainment sector in the state+, he said.
Modi said the state would have a number of multiplexes in a year or two.
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