ET exemption for new cinema theatres
By Our Staff Reporter BANGALORE, Nov 14
The government has exempted entertainments held in newly constructed cinema theatres situated within the limits of local authorities other than the Corporation of Bangalore City from entertainment tax for a period of three years from the date on which the first cinematograph show is held or from October 30 this year whichever is earlier, according to the commissioner for commercial taxes, Mr Sudhir Krishna.
He said the exemption is subject to the production of a certificate affirming that the cinema theatre is newly constructed and started functioning after the date of the said notification. Apart from this 75 per cent of the cinemas screened in a year should be in Kannada, Kodava, Konkani or Tulu.
The Commissioner warned that any contravention of the conditions will make the proprietor of the cinema theatre, liable to be assessed or re-assessed in terms of relevant provisions of the Act.