Widening the scope of reporting by producers of cinematograph films or persons engaged in specified activities

Widening the scope of reporting by producers of cinematograph films or persons engaged in specified activities

Under section 285B, the producer of cinematographic films is obliged to furnish within 30 days from the end of the financial year or from the date of completion of the film, whichever is earlier, a statement containing particulars of all payments over ₹ 50,000/- in the aggregate made by him or due from him to each person engaged by him.

2. It is proposed to widen the scope of section 285B to include persons engaged in specified activities to expand the reporting requirements in Form 52A. “Specified Activities” would mean 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 or any other activity as the Central Government may, by notification in the Official Gazette, specify in this behalf.

3. This amendment will take effect from 1st April 2022.

[Clause 84]

Dated: 1-2-2022