Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Section 285B Amended: Cinematograph Producers Must Report Payments Over 50,000 for Specified Activities to Tax Authorities</h1> Section 285B of the Income-tax Act is being replaced to require any person involved in producing cinematograph films or engaged in specified activities to submit a statement to the income tax authority. This statement, due within a prescribed period, must detail payments exceeding fifty thousand rupees made or owed to individuals engaged in these activities during the financial year. 'Specified activity' includes event management, documentary production, television or OTT program production, sports event management, and other performing arts, with additional activities possibly specified by the Central Government. This amendment is effective from April 1, 2022.