Form 52A is now available for filing vide Notification No.109/2022 dated 14th September 2022.
Text of the official notification has been mentioned below
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 14th September, 2022
INCOME-TAX
G.S.R. 697(E).––In exercise of the powers conferred by section 285B read with clause (mma) of sub-section (2) of section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. Short title and commencement.––
(1) These rules may be called the Income-tax (30th Amendment) Rules, 2022.
(2) They shall come into force from the date of publication in the Official Gazette.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), for rule 121A, the following rule shall be substituted, namely:-
"121A. Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity.-
(1) The statement required to be furnished under section 285B by a person carrying on production of cinematograph film or engaged in specified activity, or both, shall be in Form No. 52A for each previous year.
(2) Form No. 52A shall be furnished within sixty days from the end of the previous year.
(3) For the purpose of section 285B, the prescribed authority shall be the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, or any person authorised by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems).
(4) Form No. 52A, shall be furnished electronically,—
(i) under digital signature, if the return of income is required to be furnished under digital signature;
(ii) through electronic verification code in a case not covered under clause (i).
(5) The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be, shall,–
(a) specify the procedures, formats and standards for the purposes of furnishing and verification of Form No. 52A;
(b) be responsible for the day-to-day administration in relation to furnishing and verification of Form No.
52A; and
(c) be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to Form No. 52A.
(6) The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be, or any person authorised by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) shall forward Form No. 52A to the Assessing Officer.
Explanation: For the purposes of this rule, "specified activity" shall have the same meaning as assigned to it in the Explanation to section 285B of the Act."
To know more in details, find the enclosed attachment
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