Expanded reporting obligations now require producers and specified activity persons to report aggregate payments to tax authorities. Section 285B is expanded to require producers of cinematograph films and persons engaged in specified activities to furnish Form 52A statements reporting ... Summary
Expanded reporting obligations now require producers and specified activity persons to report aggregate payments to tax authorities.
Section 285B is expanded to require producers of cinematograph films and persons engaged in specified activities to furnish Form 52A statements reporting particulars of aggregate payments above the prescribed threshold made to or due from each person engaged, with timing governed by the end of the financial year or completion of the work.
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TaxTMI 
TaxTMI 
