Section 285B → Section 416
Submission of statements by producers of cinematograph films
Quick Answer
Section 285B of the Income Tax Act, 1961 (Submission of statements by producers of cinematograph films) corresponds to Section 416 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 285B
The starting point is Section 285B of the Income Tax Act, 1961 — submission of statements by producers of cinematograph films. Mandates film producers to furnish a statement within 30 days from the end of the financial year detailing all payments over Rs. 50,000 made to actors, directors, etc.
Under the Income-tax Act, 2025 (effective 1st April 2026), Section 285B is retained and renumbered as Section 416 of the Income-tax Act, 2025. Retained. Essential anti-evasion tool targeting cash payouts in the entertainment industry.
The transition impact on Section 285B is assessed as High. Crucial compliance for Bollywood and regional film production houses.
Sec 285B
Provision Summary
Mandates film producers to furnish a statement within 30 days from the end of the financial year detailing all payments over Rs. 50,000 made to actors, directors, etc.
Sec 416
Provision Summary
Retained. Essential anti-evasion tool targeting cash payouts in the entertainment industry.
Key Changes & Highlights
- Statement must be filed digitally (Form 52A) and is cross-referenced automatically with TDS (194J/194C) returns.
Related Sections
Frequently Asked Questions
Which subject does Section 285B of the 1961 Act cover?
Section 285B of the Income Tax Act, 1961 covers submission of statements by producers of cinematograph films. Mandates film producers to furnish a statement within 30 days from the end of the financial year detailing all payments over Rs. 50,000 made to actors, directors, etc.
What is the new section number for Section 285B under the Income-tax Act, 2025?
Section 285B of the Income Tax Act, 1961 maps to Section 416 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Essential anti-evasion tool targeting cash payouts in the entertainment industry.
How does the Income-tax Act, 2025 affect Section 285B in practice?
The transition impact for Section 285B is rated High. Crucial compliance for Bollywood and regional film production houses.
What is new about Section 285B under the Income-tax Act, 2025?
Statement must be filed digitally (Form 52A) and is cross-referenced automatically with TDS (194J/194C) returns. These points are specific to Section 285B (Submission of statements by producers of cinematograph films).
Disclaimer: This mapping of Section 285B (Submission of statements by producers of cinematograph films) to Section 416 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 285B is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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