Film Distribution Costs Not Deductible Without Income Recorded; No Deduction for Non-Exploited Films.

Film Distribution Costs Not Deductible Without Income Recorded; No Deduction for Non-Exploited Films. https://www.taxtmi.com/highlights?id=40188 Expenditure of acquisition of distribution rights of feature film - There can be no deduction permissible on the cost of acquisition without generation of income credited in the books of account. The subject films were never commercially exploited and generated absolutely no income. en-us Sat, 30 Jun 2018 09:00:14 +0530 Sat, 30 Jun 2018 09:00:14 +0530 TaxTMI RSS Generator Film Distribution Costs Not Deductible Without Income Recorded; No Deduction for Non-Exploited Films. https://www.taxtmi.com/highlights?id=40188 Expenditure of acquisition of distribution rights of feature film - There can be no deduction permissible on the cost of acquisition without generation of income credited in the books of account. The subject films were never commercially exploited and generated absolutely no income. Highlights Income Tax Sat, 30 Jun 2018 09:00:14 +0530 https://www.taxtmi.com/highlights?id=40188