Form 52A now available for filing on Income Tax Portal

The Income Tax Department has notified that Form 52A now available for filing on Income Tax Portal, which was earlier notified via notification issued in September 2022.

Form 52A is a Statement to be furnished under section 285B of the Income-tax Act, 1961 by a person carrying on production of a cinematograph film or engaged in specified activity or both. Details of the producer of a cinematograph film / person engaged in specified activity to be filled by this form.

Under Rule 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,—

(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).

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.

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-t

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.

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