1[121A. Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity.-
- 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.
- Form No. 52A shall be furnished within sixty days from the end of the previous year.
- 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).
- Form No. 52A, shall be furnished electronically,—
- under digital signature, if the return of income is required to be furnished under igital signature;
- through electronic verification code in a case not covered under clause (i).
- The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be, shall,––
- specify the procedures, formats and standards for the purposes of furnishing and verification of Form No. 52A;
- be responsible for the day-to-day administration in relation to furnishing and verification of Form No.
52A; and
- be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to Form No. 52A.
- 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.] Notes: 1. Substituted by the Income-tax (30th Amendment) Rules, 2022 Notification No. 109/2022 dated 14.09.2022. For whole rule 121A shall be substituted, Before it was read as- "Form of statement to be furnished by producer of cinematograph films. 121A. The statement required to be furnished under section 285B by a person carrying on production of cinematograph films shall be in Form No. 52A."
|