The Income-tax (32nd Amendment), Rules, 2021 – Revised Form No. 52A

The Central Board of Direct Taxes (CBDT) vide a notification dated 23rd November 2021 has published the Income-tax (32nd Amendment), Rules, 2021 to further amend the Income-tax Rules, 1962. Through this amendment, CBDT notifies revised Form No. 52A which is a statement to be provided to the Assessing Officer in connection with the creation of a cinematograph film. The current article briefs the Form No. 52A in detail.

Synopsis of Notification

The CBDT, empowered by sections 285B and 295 of the Income-tax Act of 1961, has notified the Income-tax (32nd Amendment), Rules, 2021. In Appendix II of the Income-tax Rules, 1962, Form No. 52A shall be replaced for Form No. 52A, which is regarding the Statement to be provided to the Assessing Officer in respect of the production of a cinematograph film. The official notification about the Income-tax (32nd Amendment), Rules, 2021 is attached here for reference.

Open PDF in new tab

Form No. 52A for Assessee producing cinematograph film

Any person engaged in the production of cinematographic films must file a statement in Form 52A detailing any payments made by him or due from him totaling more than Rs. 50,000 to each individual participating in such production. The Form No. 52A contains the following information:

The producer’s name and address
the relevant previous year
the details of the film
the date the production of the film began
the date the production of the film was completed
the financial year to which the statement refers
Details of payments of more than Rs. 50,000 paid by the producer or due from him to each person involved in the film’s production as an employee or otherwise, including the person to whom payment has been made or is due and verification

Submission of Statements by Producers of Cinematograph Films

Any person carrying on the production of a cinematograph film during the whole or any part of any financial year shall, in respect of the period during which such production is carried on by him in such financial year need to prepare a statement in Form 52A and to be delivered to the Assessing Officer. As mentioned above, the statement should be in the prescribed form containing particulars of all payments of over fifty thousand rupees(Rs.50000) in the aggregate made by him or due from him to each such person as is engaged by him in such production.

Prescribed Date for Filing Form 52A

Form 52A is to be filed within thirty days from the end of such financial year or within thirty days from the date of the completion of the production of the film, whichever is earlier.

Back to Learn

Frequently Asked Questions

Common questions about Income Tax 32nd Amendment Rules.

Form No. 52A is a statement that needs to be provided by any person engaged in the production of cinematographic films. It contains details of payments made or due from the producer to each individual participating in the film's production, including employees and others, where the payment exceeds Rs. 50,000.

Any person carrying on the production of a cinematograph film during the whole or any part of a financial year is required to file Form No. 52A. This includes producers, production houses, and other entities involved in the production of films.

Form No. 52A contains information such as the producer's name and address, details of the film being produced, the date of commencement and completion of production, the financial year to which the statement pertains, and details of payments made or due to individuals involved in the production, including their names and the amounts paid or payable.

Producers are required to report payments made or due to each individual participating in the film's production, but only if the aggregate amount exceeds Rs. 50,000 for that individual.

Form No. 52A is required to be filed within 30 days from the end of the financial year or within 30 days from the date of completion of the film's production, whichever is earlier.

The purpose of filing Form No. 52A is to provide information to the Assessing Officer about the payments made or due to individuals involved in the production of a cinematograph film. This information helps in monitoring tax compliance and tracking income earned by various individuals associated with the film industry.

Yes, there can be penalties for not filing Form No. 52A or for providing incomplete or incorrect information in the form. The Income Tax Act, 1961, and the Income Tax Rules, 1962, provide for penalties and consequences for non-compliance.

The latest version of Form No. 52A can be found in the Income-tax Rules, 1962, as amended by the Income-tax (32nd Amendment), Rules, 2021, issued by the Central Board of Direct Taxes (CBDT) on November 23, 2021.

The notification does not specify the mode of filing Form No. 52A. However, it is advisable to check with the concerned Assessing Officer or the Income Tax Department for the accepted mode of filing, as electronic filing may be preferred or required in certain cases.

There are provisions for revising or amending Form No. 52A in case of any errors or omissions. However, it is essential to follow the prescribed procedures and timelines for such revisions or amendments, as stipulated by the Income Tax Department.