Subsidy granted by the State Government to producers for the production of feature films in regional languages-Treatment of

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....sp;          All the Chief Commissioner and             Directors General of Income-tax. Subject:  Subsidy granted by the State Government to producers for the production of feature films in regional languages-Treatment of Sir, The Board has received representations against the taxa....

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....anation to sub-rule (1) of rule 9A of Income-tax Rules, 1962, as amended by the Income-tax (Seventh Amendment) Rules, 1989*, with effect from 7th July, 1989, provides, inter alia, that the cost of production of a feature film shall be reduced by the subsidy received by the film producer under any scheme framed by Government, where such amount of subsidy has not been included in computing the total....