https://www.taxtmi.com/circulars?id=4555 Amortisation of film production and distribution acquisition costs combines time based depreciation for higher cost films and provisional, receipts based allowances where exploitation extends beyond the accounting year. Full deduction is permitted if a film is fully exploited in the year of release (including outright sales or complete collections under minimum guarantee). Distributors follow the same treatment as producers. Mixed exploitation requires proportional immediate deduction for outright sale receipts with the balance amortised on the prescribed time schedule, and provisional assessments are subject to final adjustment after the exploitation period. en-us Thu, 05 Dec 1974 00:00:00 +0530 Wed, 30 Jul 2008 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4555 Amortisation of film production and distribution acquisition costs combines time based depreciation for higher cost films and provisional, receipts based allowances where exploitation extends beyond the accounting year. Full deduction is permitted if a film is fully exploited in the year of release (including outright sales or complete collections under minimum guarantee). Distributors follow the same treatment as producers. Mixed exploitation requires proportional immediate deduction for outright sale receipts with the balance amortised on the prescribed time schedule, and provisional assessments are subject to final adjustment after the exploitation period. Circulars Income Tax Thu, 05 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4555