: Failure to disclose foreign assets can lead to a penalty of ₹10 lakhs per year and potential imprisonment of up to 7 years for willful tax evasion. 🎬 Entertainment & Media (E&M) Trends
The Indian media sector continues to be driven by digital transformation and increased consumption by the "Bharat" (regional) segment.
: While Schedule FSI tracks income , Schedule FA is mandatory for disclosing foreign assets like bank accounts, shares, and properties.
: Growth is increasingly driven by language-based digital content and regional newspapers, while traditional English-language print faces continued pressure.
: Regulatory recommendations now suggest that Over-the-Top (OTT) and television content should include "default-on" captioning to improve accessibility.