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Rule 9B - Deduction in respect of expenditure on acquisition of distribution rights of feature films - Income-tax Rules, 1962

Extract

..... on, in relation to a feature film, means the amount paid by the film distributor to the film producer or to another distributor under an agreement entered into by the film distributor with such film producer or such other distributor, as the case may be for acquiring the rights of exhibition and, where the rights of exhibition have been acquired on a minimum guarantee basis, the minimum amount guaranteed, not being- (i) the amount of expenditure incurred by the film distributor for the preparati .....

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Rule 9B - Deduction in respect of expenditure on acquisition of distribution rights of feature films - Income-tax Rules, 1962

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..... n in computing the profits and gains of such previous year. (3) Where a feature film is acquired by the film distributor in any previous year and in such previous year the film distributor- (a) himself exhibits the film on a commercial basis in all or some of the areas; or (b) sells the rights of exhibition of the film in respect of some of the areas; or (c) himself exhibits the film on a commercial basis in certain areas and sells the rights of exhibition of the film in respect of all or some o .....

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Rule 9B - Deduction in respect of expenditure on acquisition of distribution rights of feature films - Income-tax Rules, 1962

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..... st of acquisition of the film in computing the profits and gains of such previous year; and the entire cost of acquisition shall be carried forward to the next following previous year and allowed as a deduction in that year. (5) Notwithstanding anything contained in the foregoing provisions of this rule, the deduction under this rule shall not be allowed unless- (a) in a case where the film distributor,- (i) has himself exhibited the feature film on a commercial basis; or (ii) has sold the right .....

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Rule 9B - Deduction in respect of expenditure on acquisition of distribution rights of feature films - Income-tax Rules, 1962

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..... the year in which the deduction is admissible. (6) For the purposes of this rule,- (i) the sale of the rights of exhibition of a feature film includes the lease of such rights or their transfer on a minimum guarantee basis ; (ii) the rights of exhibition of a feature film shall be deemed to have been sold only on the date when the positive prints of the film are delivered by the film distributor to the purchaser of such rights ; (iii) distributor shall include a sub-distributor. (7) Nothing cont .....

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Rule 9B - Deduction in respect of expenditure on acquisition of distribution rights of feature films - Income-tax Rules, 1962

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