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<h1>New Rule 121A: Filmmakers Must Submit Annual Form 52A for Payments Over Rs. 50K Electronically Under Income-Tax Rules 2022.</h1> The Income-tax (30th Amendment) Rules, 2022, effective from its publication date, amends the Income-tax Rules, 1962. Rule 121A is replaced to specify that producers of cinematograph films or those engaged in specified activities must submit a statement in Form No. 52A annually. This form, to be submitted electronically, requires details of film production or specified activities, including payments over Rs. 50,000. The Principal Director General of Income-tax (Systems) or an authorized person will oversee the submission and verification processes, ensuring appropriate security and archival measures. Form No. 52A is forwarded to the Assessing Officer for further action.