Procedures and Precautions in Relation to Miscellaneous Proceedings

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The Tax Publishers Procedures and Precautions in Relation to Miscellaneous Proceedings 1. Procedure for delivering statement containing particulars of all payments over Rs. 50,000 made to any person engaged in production of cinematograph film [Section 285B] (i) These provisions are applicable in respect of a person carrying on the production of a cinematograph film during the whole or any part of financial year. (ii) Such person has to prepare and submit to assessing officer a statement containing particulars of all payment over Rs. 50,000 in the aggregate made by him or due from him to each such person as is engaged by him in such production of film. (iii) This statement should be submitted in Form No. 52A to the assessing officer within 30 days from the end of the financial year or within 30 days from the date of completion of the film whichever is earlier. (iv) If a person fails to furnish the statement in Form No. 52A such person is punishable under section 272A(2)(c). If the statement contains any false or untrue information, section 277 of the Income Tax Act, 1961 would be attracted. 2. Procedure for appearing before any income-tax authority on behalf of any other person [Section 288] SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Procedures and Precautions in Relation to Miscellaneous Proceedings

1. Procedure for delivering statement containing particulars of all payments over Rs. 50,000 made to any person engaged in production of cinematograph film [Section 285B]

(i) These provisions are applicable in respect of a person carrying on the production of a cinematograph film during the whole or any part of financial year.

(ii) Such person has to prepare and submit to assessing officer a statement containing particulars of all payment over Rs. 50,000 in the aggregate made by him or due from him to each such person as is engaged by him in such production of film.

(iii) This statement should be submitted in Form No. 52A to the assessing officer within 30 days from the end of the financial year or within 30 days from the date of completion of the film whichever is earlier.

(iv) If a person fails to furnish the statement in Form No. 52A such person is punishable under section 272A(2)(c). If the statement contains any false or untrue information, section 277 of the Income Tax Act, 1961 would be attracted.

2. Procedure for appearing before any income-tax authority on behalf of any other person [Section 288]