The CBDT Notifies Amendments to Form 52 A and Rule 121A for Producers of Cinematograph Films

Form 52 A and Rule 121A

On 14th September 2022, the Central Board of Direct Taxes (CBDT), through the exercise of powers conferred in Section 285B, to be read with Section 295 Sub-Section (2) Clause (mma) of the Income Tax Act, 1961 943 of 1961), issued amendments to Form 52 A and Rule 121A for Producers of Cinematograph Films.

The Government widened the scope of Section 285B to include persons engaged in ‘specified activities’ to expand the reporting requirements in Form 52A. ‘Specified Activities’ now means Event Management, Documentary Production, etc. For incorporating this change in the existing Rule & Form, the CBDT has amended Rule 121A and Form 52A. Form 52A is to be filed electronically within 60 days from the end of the previous year.

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