https://www.taxtmi.com/acts?id=53525 Deduction for the cost of acquisition of feature film distribution rights is allowed to a film distributor only for a feature film certified for release by the Board of Film Censors. Full deduction is permitted where all exhibition rights are sold, or where the film is commercially exhibited in all or some areas and released for commercial exhibition at least ninety days before year-end. If the film is not so released, deduction is limited to amounts realised from exhibition or sale of rights, with any balance carried forward to the next tax year. The deduction also depends on proper crediting in the books, and sale of rights includes lease or minimum guarantee transfer. en-us Fri, 20 Mar 2026 18:39:16 +0530 Thu, 28 May 2026 16:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53525 Deduction for the cost of acquisition of feature film distribution rights is allowed to a film distributor only for a feature film certified for release by the Board of Film Censors. Full deduction is permitted where all exhibition rights are sold, or where the film is commercially exhibited in all or some areas and released for commercial exhibition at least ninety days before year-end. If the film is not so released, deduction is limited to amounts realised from exhibition or sale of rights, with any balance carried forward to the next tax year. The deduction also depends on proper crediting in the books, and sale of rights includes lease or minimum guarantee transfer. Act-Rules Income Tax Fri, 20 Mar 2026 18:39:16 +0530 https://www.taxtmi.com/acts?id=53525