Section 507 — Submission of statements by producers of cinematograph films or persons engaged in specified activity
(1) Any person carrying on the production of a cinematograph film or
engaged in any specified activity, or both, during the whole or any part of any
tax year shall, furnish within such period, a statement in such form and in such
manner, to the prescribed income-tax authority as may be prescribed.
(2) The statement referred in sub-section (1) shall contain particulars of all payments
of over ` 50000 in the aggregate made by him or due from him to each such person
as is engaged by him in such production or specified activity.
(3) For the purposes of this section, the expression “specified activity” means any
event management, documentary production, production of programmes for
telecasting on television or over the top platforms or any other similar platform,
sports event management, other performing arts or any other activity as the Central
Government may, by notification, specify.
Related sections
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- Section 501 — Service of notice, generally
- Section 502 — Authentication of notices and other documents
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- Section 504 — Service of notice in case of discontinued business
- Section 505 — Submission of statement by a non-resident having liaison office
- Section 506 — Furnishing of information or documents by an Indian concern in certain cases
- Section 508 — Obligation to furnish statement of financial transaction or reportable account
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- Section 510 — Annual information statement
- Section 511 — Furnishing of report in respect of international group
- Section 512 — Publication of information respecting assessees in certain cases
- Section 513 — Appearance by registered valuer in certain matters
- Section 514 — Registration of valuers
- Section 515 — Appearance by authorised representative
- Section 516 — Rounding off of amount of total income, or amount payable or refundable
- Section 517 — Receipt to be given
- Section 518 — Indemnity
- Section 519 — Power to tender immunity from prosecution
- Section 520 — Cognizance of offences
- Section 521 — Probation of Offenders Act, 1958 and section 401 of Bharatiya Nagarik Sura-ksha Sanhita, 2023, not to apply
- Section 522 — Circumstances in which return of income, assessment, approvals, etc., not to be invalid
- Section 523 — Notice deemed to be valid in certain circumstances
- Section 524 — Presumption as to assets, books of account, etc
- Section 525 — Authorisation and assessment in case of search or requisition
- Section 526 — Bar of suits in civil courts
- Section 527 — Power to make exemption, etc., in relation to participation in business of prospecting for, extraction, etc., of mineral oils
- Section 528 — Power of Central Government or Board to condone delays in obtaining approval
- Section 529 — Power to withdraw approval
- Section 530 — Act to have effect pending legislative provision for charge of tax
- Section 531 — Power to rescind exemption in relation to certain Union territories already granted under section 294A of the Income-tax Act, 1961
- Section 532 — Power to frame schemes
- Section 533 — Power to make rules
- Section 534 — Laying before Parliament
- Section 535 — Removal of difficulties
- Section 536 — Repeal and savings