ACCOUNTING AND TAXATION OF FILM PRODUCER
This query is : Resolved
Shalaka Solase
(Querist)
08 November 2019
I need a guidance in respect of accounting and taxation of film producers. The budget of film is around 2 CR. When to deduct TDS. In my case, the producer has paid all expenses like professional fees, contractor payment in FY 2018-2019 and not deducted TDS. In FY 2019-2020, pre-production process is going on and film will be released in this year.
He has not taken GST registration in last year as there was no sale in FY 2018-2019.
Please guide on all implication of Income Tax, TDS and GST.
Thank you in advance.
He has not taken GST registration in last year as there was no sale in FY 2018-2019.
Please guide on all implication of Income Tax, TDS and GST.
Thank you in advance.
26 May 2020
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