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<h1>Statement filing requirement for film producers and specified activity participants mandates disclosure of payments to contractors to tax authorities.</h1> Clause 507 obliges producers of cinematograph films and persons engaged in specified activities to furnish, within a prescribed period and form, a statement to the prescribed income-tax authority containing particulars of all aggregate payments above the reporting threshold made by or due from them to each person engaged in the production or specified activity; specified activities include event management, documentary and television/OTT programme production, sports event management, performing arts and other activities notified by the Central Government.