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<h1>New Rule: Filmmakers Must Report Payments Over 5,000 to Income-Tax Officer Under Section 285B by Deadline</h1> Section 285B of the Income-tax Act, 1961, as amended by the Taxation Laws (Amendment) Act, 1975, mandates that any person involved in the production of a cinematograph film during any part of a financial year must submit a statement to the Income-tax Officer. This statement, due within thirty days after the financial year ends or the film's production completion, whichever is earlier, must detail payments exceeding five thousand rupees made to individuals engaged in the film's production, whether as employees or otherwise.