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Film producer

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(Querist)
30 January 2015 can anybody explain taxation of income of film producer . what is the recognitoon rules of income and expenses to make film by producer.
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CA NAVEEN SINGLA

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CA NAVEEN SINGLA (Expert)
30 January 2015

Income are Selling Price of Movie to various Cinema Halls/Multiplexes Etc.

Expenses are Fees paid to Directors/heroes/Heroines and Various Actors/Co-Actors.

Movie setup Expenses are also Revenue Expenses.

Interest on Bank Loans are Financial Charges.

Plz confirm are u satisfied or need further clarification

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