## Report on Income Tax 32nd Amendment Rules, 2021
**1. Executive Summary:**
This report analyzes the Income Tax 32nd Amendment Rules, 2021, as published in the Gazette of India on November 23, 2021. This amendment modifies the Income-tax Rules, 1962, specifically by substituting Form No. 52A in Appendix II. The core purpose of this amendment is to revise the statement required to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, concerning the production of cinematograph films. The key finding is a revised reporting format for film producers to detail payments made to individuals involved in film production.
**2. Introduction:**
This report provides an overview of the Income Tax 32nd Amendment Rules, 2021, based solely on the provided policy text published in the Gazette of India. The report aims to inform stakeholders about the changes introduced by this amendment regarding the reporting requirements for film producers.
**3. Policy Overview:**
* **Amendment:** This document amends the Income-tax Rules, 1962.
* **Core Objective:** To revise the format for reporting payments related to the production of cinematograph films to the Assessing Officer, as mandated by Section 285B of the Income-tax Act, 1961.
**4. Background and Rationale:**
* **Amendment:** The provided text suggests a need to update the reporting format (Form No. 52A) for film production payments. This could be due to changes in tax regulations, technological advancements in film production, or a need for more detailed information to ensure compliance with income tax laws. The rationale appears to be centered around improving the clarity and comprehensiveness of financial reporting related to film production for tax purposes.
**5. Key Provisions / Changes:**
This amendment focuses *specifically* on the changes introduced by the provided amendment text.
* **Specific Part of the Original Policy Changed:** Appendix II of the Income-tax Rules, 1962, specifically Form No. 52A.
* **New Rule/Provision:** Form No. 52A has been entirely replaced with a new form. The new form requires the producer to provide detailed information, including:
* Name and address of the producer, Permanent Account Number (PAN), and Tax Deduction Account Number (TAN).
* Details of the film: name, nature (celluloid or other), date of commencement and completion of production, and the relevant financial year.
* Detailed information on payments exceeding Rs. 50,000 made to individuals involved in the production, including their name, address, PAN, the amount paid, the date of payment, tax deducted at source (TDS) status, and whether the payment was made in cash.
* **Difference/Effect of Change:** The change shifts from the old Form 52A to the new one. The new form enforces the producer to provide detailed reporting of payments exceeding Rs. 50,000 to individuals involved in the production, including their personal information.
**6. Target Audience and Stakeholders:**
Based on the provided text, the primary target audience and stakeholders are:
* **Film producers:** They are directly responsible for furnishing the updated Form No. 52A to the Assessing Officer.
* **Individuals engaged in film production:** Those who receive payments exceeding Rs. 50,000 from film producers are indirectly affected, as their information will be reported to the tax authorities.
* **Assessing Officers:** They are the recipients and users of the information provided in Form No. 52A.
* **Central Board of Direct Taxes (CBDT):** The governing body that enacted the amendment.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** Central Board of Direct Taxes (CBDT), Assessing Officers, and the Income Tax Department.
* **Timelines/Procedures:** The amendment came into force from November 23, 2021, the date of its publication in the Official Gazette. The text implies that film producers must use the new Form No. 52A for reporting payments related to film production from this date onwards.
* **Amendment-Specific Implementation:** Film producers must adopt the new Form 52A for all reporting requirements after the effective date.
**8. Expected Outcomes / Impact of Changes:**
* **Amendment:** The likely intended outcome of the changes introduced by the amendment is to enhance transparency and accountability in the film industry's financial transactions. By requiring detailed reporting of payments, the amendment likely aims to:
* Improve tax compliance among film producers and individuals involved in film production.
* Reduce tax evasion by ensuring proper documentation and reporting of financial transactions.
* Provide Assessing Officers with more comprehensive data for tax assessment and auditing purposes.
**9. Conclusion:**
The Income Tax 32nd Amendment Rules, 2021, represents a modification to the Income-tax Rules, 1962, specifically targeting the reporting format for film production payments. The substitution of Form No. 52A with a more detailed version signifies a move towards greater transparency and accountability within the film industry's financial dealings. This amendment is significant as it directly impacts film producers and individuals engaged in film production, requiring them to adhere to the new reporting requirements to ensure compliance with income tax regulations.
Key Entities Referenced
Income-tax Act, 1961: A law that is being amended.
Central Board of Direct Taxes: The organisation making the rule changes.
Income-tax Rules, 1962: The rules that are being amended.
Income tax 32nd Amendment, Rules, 2021: The name of the amendment rules.
Official Gazette: The gazette in which the rule will be published.
Assessing Officer: Officer to whom form 52A needs to be submitted
Form No. 52A: Form to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, in respect of production of a cinematograph film
SHEFALI SINGH: Under Secy. TPLIV
Ministry of Finance: Ministry under which the Department of Revenue operates.
Department of Revenue: Department of Revenue under which the CENTRAL BOARD OF DIRECT TAXES operates.
New Delhi: Location of notification.
Mayapuri, New Delhi: Location of the Government of India Press.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एxलxx.G-अID.E-x2x3x1 12021-231305
CG-DL-E-23112021-231305
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 672] नई ददल्ली, मगं लिार, निम्ब र 23, 2021/अग्रहायण 2, 1943
No. 672] NEW DELHI, TUESDAY, NOVEMBER 23, 2021/AGRAHAYANA 2, 1943
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोड)ड
अजधसचू ना
नई ददल्ली, 23 निम् बर, 2021
(आय-कर)
सा.का.जन. 831(अ).—केंद्रीय प्रत्यक्ष कर बोड,ड आय-कर अजधजनयम, 1961 (1961 का 43) की धारा 295 के
साथ पठित धारा 285ख द्वारा प्रदत्त िजियों के प्रयोग करते हुए, आय-कर जनयम, 1962 का और संिोधन करने के जलए
जनम्नजलजखत जनयम बनाता ह,ै अथाडत ् :--
1. सजं क्षप्त नाम और प्रारंभ—(1) इन जनयमों का संजक्षप्त नाम आय-कर (बत्तीसिां संिोधन) जनयम, 2021 ह ै।
(2) ये रािपत्र में उनके प्रकािन की तारीख से प्रिृत्त होंग े।
2. आय-कर जनयम, 1962 के पठरजिष्ट 2 म,ें प्ररूप 52क के स्ट्थान पर, जनम्नजलजखत प्ररूप रखा िाएगा, अथाडत् :--
“प्ररूप 52क
[जनयम 121क देजखए]
आय-कर अजधजनयम, 1961 की धारा 285ख के अधीन चलजचत्र दिल्म के जनमाणड के सबं धं म ेंजनधारड ण अजधकारी को
प्रस्ट्ततु दकए िान ेिाला जििरण
क्रम स.ं जिजिजष्टया ं ब्यौरे
1. जनमाडता का नाम और पता जनमाडता के ब्यौरे
नाम
6779 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
प्राजस्ट्थजत
आिाजसक प्राजस्ट्थजत
स्ट्थायी खाता
संखयांक
कर कटौती खाता
संखयांक
पता
2. सुसंगत पूिडिर्ड
3. दिल्म के ब्यौरे दिल्म का नाम
दिल्म की प्रकृजत सेलूलायड दिल्म सेलूलायड दिल्म
से जभन्न
4. तारीख, जिसको दिल्म का जनमाडण
आरंभ दकया गया था
5. यदद दिल्म का जनमाणड परू ा हो गया ह,ै
तो पूरा होने की तारीख
6. जित्तीय िर्ड, जिससे जििरण सबं ंजधत ह ै
7. जनमाडता द्वारा कुल जमलाकर 50,000
रुपए स े अजधक के या उससे दिल्म के
जनमाडण म ें कमडचारी के रूप म ें या
अन्यथा लग े प्रत्येक व्यजि को उससे
िोध्य संदायों के ब्यौरे
(i) व्यजि के ब्यौरे, जिसको संदाय दकया गया ह ैया िोध्य ह ै
व्यजि का नाम व्यजि का पता व्यजि का स्ट्थायी खाता
संखयांक
(ii) उपरोि (i) म ेंउजल्लजखत व्यजि को दकए गए संदाय के ब्यौरे
रकम िह तारीख, जिसको स्रोत पर कर काटा
संदाय दकया गया था गया ह ैया नहीं
क्या संदाय नकद रूप
या िोध्य हुआ था
में दकया गया ह ै
यदद हां, तो नकद रूप
में संदत्त की गई रकम
कुल संदत्त रकम
सत्यापन[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3
म,ैं …………………………, इसके द्वारा घोर्णा करता ह ं दक िो ऊपर कहा गया है, िह मेरी सिोत्तम िानकारी और
जिश्वास के अनुसार सही ह ै। आि तारीख ........................ को सत्याजपत दकया गया ।
स्ट्थान :
तारीख :
प्राजधकृत हस्ट्ताक्षरकताड के हस्ट्ताक्षर ।”।
[अजधसूचना सं. 132/2021/िा. स.ं 370142/55/2021-टीपीएल]
िेिाली ससह, अिर सजचि, (टीपीएल-IV)
ठटप्पण : मूल जनयम, भारत के रािपत्र, असाधारण, भाग 2, खंड 3, उपखंड (ii) म ें सं. का.आ. 969(अ), तारीख
26 माच,ड 1962 द्वारा प्रकाजित दकए गए थ े और अजधसूचना संखया सा.का.जन. 713(अ) तारीख 01 अक्टूबर,
2021 द्वारा अंजतम बार संिोजधत दकए गए थ े।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 23rd November, 2021
INCOME-TAX
G.S.R. 831(E).—In exercise of the powers conferred by section 285B read with 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 (32nd
Amendment), Rules, 2021.
(2) They shall come into force from the date of their publication in the Official Gazette.
2. In the Income-tax Rules, 1962, in Appendix II, for Form No. 52A, the following Form shall be
substituted, namely:—
“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
Sr. No. Particulars Details
1. Name and address of the producer Details of Producer
Name
Status
Residential status4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
Permanent Account
Number
Tax Deduction
Account Number
Address
2. Relevant previous year
3. Details of the film Name of the Film
Nature of the Film Celluloid Other than
Film Celluloid
Film
4. Date on which the production of the film
was started
5. If the production of the film has been
completed, the date of completion
6. Financial year to which the statement relates
7. Details of payments of over Rs. 50,000 in
the aggregate made by the producer or due
from him to each person engaged in the
production of the film as employee or
otherwise:
(i) Details of the person to whom payment has been made or is due
Name of the Person Address of the Person PAN of the Person
(ii) Details of payment made to person mentioned in (i) above
Amount Date on which payment Tax deducted at
source or not
Whether paid in was made or became due
cash
if yes, then amount[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 5
paid in cash
Total amount paid
Verification
I ____, do hereby declare that what is stated above is true to the best of my knowledge and belief.
Verified today, the day of _____
Place:
Date:
Signature of the Authorised Signatory.”.
[Notification No. 132/2021/F. No.370142/55/2021-TPL]
SHEFALI SINGH, Under Secy. (TPL-IV)
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-
section (ii) vide number S.O. 969(E), dated the 26th March, 1962 and last amended vide
notification number G.S.R. 713(E), dated the 01st October, 2021.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.