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Deduction in respect of expenditure of distribution rights of feature films - Rule 9B - Income Tax - Ready Reckoner - Income TaxExtract ..... ation 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 preparation of the ..... x x x x x Extracts x x x x x Deduction in respect of expenditure of distribution rights of feature films - Rule 9B - Income Tax - Ready Reckoner - Income Tax x x x x x Extracts x x x x x ..... ting 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 of the rema ..... x x x x x Extracts x x x x x Deduction in respect of expenditure of distribution rights of feature films - Rule 9B - Income Tax - Ready Reckoner - Income Tax x x x x x Extracts x x x x x ..... isition 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 rights of exhib ..... x x x x x Extracts x x x x x Deduction in respect of expenditure of distribution rights of feature films - Rule 9B - Income Tax - Ready Reckoner - Income Tax x x x x x Extracts x x x x x
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