https://www.taxtmi.com/acts?id=3692 Deduction is allowed in computing profits and gains from the business of producing feature films for the cost of production of a feature film certified for release by the Board of Film Censors, subject to exclusions for positive prints, post-certification advertisement, and relevant subsidy adjustment. The deduction depends on whether exhibition rights are sold, the film is commercially released within the prescribed period, or receipts are credited in the books, with unabsorbed cost carried forward where applicable. The rule also treats lease and minimum guarantee transfers as sale of exhibition rights and permits alternative allowance where the Assessing Officer considers the normal method inapplicable. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 May 2026 16:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3692 Deduction is allowed in computing profits and gains from the business of producing feature films for the cost of production of a feature film certified for release by the Board of Film Censors, subject to exclusions for positive prints, post-certification advertisement, and relevant subsidy adjustment. The deduction depends on whether exhibition rights are sold, the film is commercially released within the prescribed period, or receipts are credited in the books, with unabsorbed cost carried forward where applicable. The rule also treats lease and minimum guarantee transfers as sale of exhibition rights and permits alternative allowance where the Assessing Officer considers the normal method inapplicable. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3692