Udhayanidhi Stalin seeks legal action for 'Idhu Kathirvelan Kaadhal' Tax exemption
Udhayanidhi Stalin has been facing problem every time his film is due to release. Yes, Idhu Kathirvelan Kaadhal, which is slated for release on February 14th, 2014, has been rejected entertainment tax exemption for various reasons. With 30 percent tax exemption denied, the producer-actor has decided to seek legal recourse.
Tamil movies are subject to entertainment tax exemptions when they fulfill certain guidelines set by Registration and Income Tax departments. The tax exemptions are further discussed by watching the movie with a group of 7 people, out of whom 3 belong to the committee and 4 are from outside the committee. This group would evaluate films based on the guidelines set by the Government.
Red Giant Movies head, Udhayanidhi Stalin has filed a complaint to remove the 7 people on the board due to their lack of judgment on the movies that come for evaluation.
The committee has agreed to give tax exemption for the two films Rummy and Cycle Company even after knowing that these two films don’t fall under their set guidelines.
In fact, he had done that last time as well and the Committee was formed which certified that the film was eligible for tax exemption. This time too, he has sought the court’s intervention and will be able to find a good solution for this issue hopefully. IKK has been directed by SR Prabhakaran and stars Udhayanidhi and Nayanthara as the lead pair.
Red Giant Movies has requested the Head Office to restrict these people in evaluating other films and remove them for misusing their power.