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of <h1>New Rule 18DB Sets Requirements for Multiplex Deductions Under Section 80-IB of Income-tax Act</h1> The Income-tax (27th Amendment) Rules, 2002, effective from April 1, 2002, introduce Rule 18DB to specify requirements for multiplex theatres to qualify for deductions under section 80-IB of the Income-tax Act, 1961. These requirements include a minimum built-up area of 22,500 square feet, at least three cinema theatres and commercial shops, a total seating capacity of 900, and modern amenities such as stereo projection systems and computerized ticketing. An audit report in Form 10-CCBA must accompany the income return, including various approvals and licenses. The amendment applies retrospectively and is not detrimental to taxpayers.
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