Section 285B of the Income Tax Act, 1961 mandates Form 52A filing by Producers of cinematography films. This article is detail guide on Section 285B and amended form 52A and time limit to file the form, person on which this form is applicable. The article is updated as per latest notification no 109-2022 dated 14th September, 2022. For detail notification refer >> https://incometaxindia.gov.in/communications/notification/notification_no_109_2022.pdf
What is section 285B?
Section 285B of the Income Tax Act, 1961 requires every person carrying:
- Production of cinematograph films
- Engaged in event management, documentary production, production of programs for telecasting on television or over the top platforms or any other similar platform, sports event management, other performing arts
- Other activity as prescribed by CG
to file statement of containing of all payment made above Rs 50,000 in aggregate made by him or due to him to each person as is engaged by him related to activities mentioned above.
Due Date of Form 52A filing by Producers of cinematography films
Due Date of Form 52A filing by Producers of cinematography films is within 60 days from the end of previous year.
For F.Y. 2022-23 – Due date of Form 52A will be 31 May, 2023.
Documents required in Form 52A filing by Producers of cinematography films
- Basic details of Person – Name, PAN, Aadhaar
- Number of cinematography films or specified activities
- For each cinematography film or specified activity
- Details of person to whom aggregate payment is over Rs 50,000 – Name, Address, PAN/Aadhaar, Amount Paid ( Paid is cash, Paid in other than cash and due amount) and details of TDS.