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SPECIAL PROVISION FOR TAXATION OF FILM PRODUCER & FILM DISTRIBUTOR

Income Tax - Profit and Gains of Business or Profession - 48 A - DEDUCTION IN RESPECT OF EXPENDITURE ON PRODUCTION OF FEATURE FILMS IN CASE OF A FILM PRODUCER/ DISTRIBUTOR. SITUATION QUANTUM OF DEDUCTION Film released on or before 1st January, 2016. Films released after 1st January, 2016 Film producer/ distributor sells all rights of exhibition of the film in the previous year. Entire cost of production Entire cost of production. Film producer/ distributor himself exhibits the film in all or som .....

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a feature film, means the expenditure incurred on the production of the film, not being- The expenditure incurred for the preparation of the positive prints of the film; and The expenditure incurred in connection with the advertisement of the film after it is certified for release by the Board of Film Censors: Note:- Expenditure referred in (a) and (b) above are allowable as revenue expenditure in the year of release of film. In case of distributor, cost of production means the amount paid by f .....

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