CBDT Circular on applicability of section 194-I to film distributors & exhibitors

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Clarification regarding applicability of provisions of section 194-I to film distributors and exhibitors

Circular : No. 736, dated 13-2-1996.

Representations have been received from the various quarters regarding applicability of the provisions of section 194-I of the Income-tax Act to the sharing of the proceedings of film between film distributor and a film exhibitor owning a cinema theatre. The matter has been examined by the Board and the Board are of the view that the provisions of section 194-I are not attracted to such payment because :

This content is for annual and Semi Annual members only.

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