Quick Summary
The Central Board of Direct Taxes has released the Income Tax (32nd Amendment) Rules, 2021 to further make amendments to the Income Tax Rules, 1962. Under the amended Rules, Form No. 52A which is a statement to be furnished to the Assessing Officer under section 285B of the Income Tax Act, 1961, in respect of production of a cinematograph film has been amended.
Here is the format of the New Form No. 52A:
“FORM NO. 52A
[See rule 121A]
Statement to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, in respect of production of a cinematograph film
Click here to read the official notification.
FAQ :
The CBDT has amended Form No. 52A through the Income Tax (32nd Amendment) Rules, 2021.
Form No. 52A is a statement that must be furnished to the Assessing Officer under section 285B of the Income Tax Act, 1961, in respect of the production of a cinematograph film.
The Income Tax Rules, 1962, were amended by the Income Tax (32nd Amendment) Rules, 2021.
Section 285B of the Income Tax Act, 1961, is relevant to Form 52A.
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