Home Acts & Rules Income Tax Act Income-tax Act, 1961 Chapters List Chapter XXIII MISCELLANEOUS This
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Section 285B - Submission of statements by producers of cinematograph films or persons engaged in specified activitiy - Income-tax Act, 1961Extract 5 [Submission of statements by producers of cinematograph films or persons engaged in specified activitiy 285B. Any person carrying on the production of a cinematograph film or engaged in any specified activity, or both, during the whole or any part of any financial year shall, in respect of the period during which such production or specified activity is carried on by him in such financial year, furnish within the prescribed period, a statement in the prescribed form to the prescribed income tax authority in the prescribed manner, containing particulars of all payments of over fifty thousand rupees in the aggregate made by him or due from him to each such person as is engaged by him in such production or specified activity. Explanation .- For the purposes of this section, specified activity means any event management, documentary production, production of programmes for telecasting on television or over the top platforms or any other similar platform, sports event management, other performing arts or any other activity as the Central Government may, by notification in the Official Gazette, specify in this behalf. ] ----------------------------- Notes :- 1. Inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976. 2. Substituted for Income-tax by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 3. Substituted for twenty-five by the Finance Act, 2000, w.e.f. 1-4-2001. Earlier twenty-five was substituted for five by the Finance (No. 2) Act, 1998, w.e.f. 1-4-1999. 4. Words as employee or otherwise omitted by the Finance Act, 1989, w.e.f. 1-6-1989. 5. Substituted vide Finance Act, 2022 w.e.f. 01-04-2022 before it was read as 1 [Submission of statements by producers of cinematograph films. 285B. Any person carrying on the production of a cinematograph film during the whole or any part of any financial year shall, in respect of the period during which such production is carried on by him in such financial year, prepare and deliver or cause to be delivered to the 2 [Assessing] Officer, within thirty days from the end of such financial year or within thirty days from the date of the completion of the production of the film, whichever is earlier, a statement in the prescribed form containing particulars of all payments of over 3 [fifty] thousand rupees in the aggregate made by him or due from him to each such person as is engaged by him in such production 4 [***].]
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