Valuation of Film as per Income Tax rules explained by ITAT Mumbai
ITAT Mumbai ITO Vs. M/s Universal Arts Ltd I.T.A. No.1288 & 1289/Mum/2012, Date : 15-9-2015 In terms of sub rule 2 to Rule 9B, if the film is released at least 90 days before the end of previous year, entire cost of acquisition is to be allowed in that year. In terms of sub rule… Read More »