Actors unhappy over new 12 service tax rule

As per a new rule by the Government, all actors (be it from films or TV) will be required to pay 12% service tax on their earnings in addition to their income tax payments.Effective July 1, the government has embraced new taxation of services by introducing a negative list. Any service out of this list or out of the exempted list of services (which may be changed from time to time) will be charged service tax. However, if an individual or a firm has an annual income of less than Rs 10 lakh, the

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