https://www.taxtmi.com/acts?id=3693 Deduction is allowed for the cost of acquisition of a feature film in the business of film distribution, subject to the manner and timing of exploitation of exhibition rights. The cost includes amounts paid for acquiring rights of exhibition, including minimum guarantee payments, but excludes print preparation and advertisement expenditure. Depending on whether the distributor sells all rights, exhibits the film commercially, or does neither in the year of acquisition, the deduction may be allowed in full, allowed to the extent of amounts realised, or carried forward to the next previous year, subject to credit of the relevant receipts in the books. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 May 2026 16:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3693 Deduction is allowed for the cost of acquisition of a feature film in the business of film distribution, subject to the manner and timing of exploitation of exhibition rights. The cost includes amounts paid for acquiring rights of exhibition, including minimum guarantee payments, but excludes print preparation and advertisement expenditure. Depending on whether the distributor sells all rights, exhibits the film commercially, or does neither in the year of acquisition, the deduction may be allowed in full, allowed to the extent of amounts realised, or carried forward to the next previous year, subject to credit of the relevant receipts in the books. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3693