Laws and sections by number or title, due dates, pages, and updates.
The Central Board of Direct Taxes issues the Income tax (32nd Amendment), Rules, 2021 to substitute Form No. 52A under the Income-tax Rules, 1962. The rules apply to producers of cinematograph films who furnish statements to the Assessing Officer under section 285B of the Income-tax Act, 1961. The amended Form No. 52A requires detailed particulars of the producer, the relevant previous year, film details, production start and completion dates, financial year, and payment details for persons engaged in the film production. The rules come into force from the date of publication in the Official Gazette.
What you must do
Key dates
Who is affected
Thresholds
Ask about this notification
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 23rd November, 2021 INCOME-TAX G.S.R. 831(E).—In exercise of the powers conferred by section 285B read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes the following rules further to amend the Income-tax Rules,1962, namely:─
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name and address of the producer | Details of Producer |
| Name | ||
| Status | ||
| Residential status | ||
| Permanent Account Number | ||
| Tax Deduction Account Number | ||
| Address | ||
| 2. | Relevant previous year | |
| 3. | Details of the film | Name of the Film |
| Nature of the Film | ||
| Celluloid Film / Other than Celluloid Film | ||
| 4. | Date on which the production of the film was started | |
| 5. | If the production of the film has been completed, the date of completion | |
| 6. | Financial year to which the statement relates | |
| 7. | Details of payments of over Rs. 50,000 in the aggregate made by the producer or due from him to each person engaged in the production of the film as employee or otherwise: | (i) Details of the person to whom payment has been made or is due |
| Name of the Person | ||
| Address of the Person | ||
| PAN of the Person | ||
| (ii) Details of payment made to person mentioned in (i) above | ||
| Amount | ||
| Date on which payment was made or became due | ||
| Tax deducted at source or not | ||
| Whether paid in cash if yes, then amount paid in cash | ||
| Total amount paid |
Verification I ____, do hereby declare that what is stated above is true to the best of my knowledge and belief. Verified today, the day of _____ Place: Date: Signature of the Authorised Signatory.”. [Notification No. 132/2021/F. No.370142/55/2021-TPL] SHEFALI SINGH, Under Secy. (TPL-IV)
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii) vide number S.O. 969(E), dated the 26th March, 1962 and last amended vide notification number G.S.R. 713(E), dated the 01st October, 2021.
