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of <h1>Form 52A: Mandatory for Film Producers to Report Financials Over Rs. 50,000 Under Section 285B Income-tax Act.</h1> Form No. 52A is a statement required under section 285B of the Income-tax Act, 1961, for individuals involved in the production of cinematograph films or specified activities. It mandates producers to furnish details such as their name, status, tax identification numbers, and the number of films or activities undertaken in the relevant financial year. The form requires comprehensive information about each film or activity, including its nature, start and completion dates, and financial details of payments exceeding Rs. 50,000. It also includes a verification section to confirm the accuracy of the information provided.
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