MOVIE TICKET RATES TO BE SLASHED FURTHER

During a court hearing on 29th October 2015, Thursday, the High Court of Madras has reportedly ruled that the ticket rates for the films with entertainment tax benefit must be sold at lower prices. If a film enjoys 30% tax exemption, so must the viewers of that film.

Hence the Court has ruled that the ticket rates for the movies with tax exemption must be cut by 30%. For instance, if the selling rate of a ticket in a theatre is Rs 120, it must Rs 84 for the film with the tax benefit hence forth. For this category of films, the theatres, as ordered, must print a special set of tickets with the apt price mentioned on it.

The court has also asked the concerned authorities to issue orders to start exploiting the rule within 4 weeks from now.