Tax waiver for single screens in Karnataka
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In the sunshine of an enormous enterprise loss for single display screen theatres, which have remained closed for most a part of final yr, the Karnataka authorities has introduced waiver of property tax for single screens. About 630 single display screen cinemas are set to learn from the transfer.
A word from Department of Information and Publicity stated that the order was issued on Wednesday based mostly on an attraction by Karnataka Exhibitors Association, which had sought aid. The exemption has been prolonged for the monetary yr 2021-22.
The word stated that whereas the Karnataka authorities had prolonged aid of ₹3,000 to every of twenty-two,000 workers in the movie trade, the property tax waiver was given contemplating the shortage of enterprise owing to the anticipated third wave of COVID-19.
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