Deduction in respect of expenditure on production of feature in case of a films producer/distributer - Rule 9A

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..... eceived by the film producer under any scheme framed by the government where such amount of subsidy has not been included in computing the total income of the assessee for any assessment year. Conversely, the amount received by the producer of regional feature films which has not been charged to tax, shall be reduced from the cost of production of the film for the purpose of Rule 9A . Notes: Cost .....

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..... e end of the previous year, the cost of production will be allowed as deduction while computing the profits and gains of the previous year as long as such cost does not exceed the amount realized by the film producer(s) by exhibiting the film or selling the right to exhibit the film on a commercial basis. In case there is any balance, it will be carried forward to the next previous year as deducti .....

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