Scholarship for CA Students

Accounting Education and Development Society (AEDS) has promoted the accounting and financial management studies and in a step forward has announced the scholarship for the meritorious students of accounting profession. To start with the SOCIETY has launched the first scholarship scheme sponsored by a family of Chartered Accountants.

AEDS is promoting this scheme where in the funds have been provided by the Chartered Accountants Firm in their bid to promote accounting and financial management education and profession.

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Service Tax Simplified: SCREENING OF TAXES FOR CINEMA GOERS

As cinema theaters owner, are we liable to pay Service Tax on screening of film?

 

The cost to a service recipient has increased in recent past on account of the tax burden which is passed on to the end-user. In a country where more than half the population is cinema crazy, passing on the burden of Service Tax on the cinemagoers is not an issue that can be ignored. With the increase in demand of small screens or mini theaters throughout the country, the number of screens has increased multifold.

 

After the multiplex boom, mini theaters are on a rise in two tire and three tire cities. The question that as to whether the activity of screening of film supplied by a film distributor would fall under any of the taxable services and accordingly, whether the theater owners are required to pay service tax on amount received by them from distributors has opened a Pandora box of possibilities of taxing such services. Divergent views have been expressed on this issue.

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Quote 2

“I think there is something, more important than believing: Action! The world is full of dreamers, there aren’t enough who will move ahead and begin to take concrete steps to actualize their vision.”

-W. Clement Stone

Quote 1

“A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.”

-Vince Lombardi

Quote 3

“I have long since come to believe that people never mean half of what they say, and that it is best to disregard their talk and judge only their actions.”

– Dorothy Day

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