Reporting by producers of cinematograph films or persons engaged in specified activitiy - Section 285B - Income Tax - Ready Reckoner - Income Tax

Reporting by producers of cinematograph films or persons engaged in specified activitiy - Section 285B read with Rule 121A ] Any person carrying on the production of a cinematograph film or engaged in any specified activity , or both, during the whole or any part of any financial year shall, in respect of the period during which such production or specified activity is carried on by him in such financial year. containing particulars of all payments of over ₹ 50,000/- in the aggregate made by him or due from him to each such person as is engaged by him in such production or specified activity . Producer shall be in furnished electronically ( through electronic verification code or DSC, as may applicable ) Form No. 52A for each previous year within sixty days from the end of the previous year.to the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, or any person authorised by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems).and shall forward Form No. 52A to the Assessing Officer. specified activity means any event management, documentary production, production of programmes for telecasting on television or over the top platforms or any other similar platform, sports event management, other performing arts or any other activity as the Central Government may, by notification in the Official Gazette, specify in this behalf. Other points Form No. 52A contain two parts PART-A: Details of each cinematograph film produced or specified activity undertaken during the previous year. PART-B: Details of payments of over ₹ 50,000 in the aggregate made by the person carrying on production of cinematograph film or engaged in specified activity, or due from him to each person engaged in the production of the cinematograph film or specified activity. In case of production of multiple cinematograph films or engagement in multiple specified activities during the year, provide details in Part-A and Part-B for each film/specified activity separately.