Tag Archives: #MotionPictureIndustry

What is the threshold limit of Statutory audit due date for Motion Picture & Video: Studios & Theatres?

Threshold Limit for Statutory Audit   The threshold limit for statutory audit for Motion Picture & Video Studios & Theatres in India is Rs. 1 crore in case the cash receipts do not exceed 5% of the total receipts. If the cash receipts exceed 5% of the total receipts, then the threshold limit is Rs.… Read More »

What tax deductions are available for Motion Picture & Video: Studios & Theatres during ITR filing?

Tax Deductions During ITR Filing   Tax Deductions During ITR Filing in India, businesses in the Motion Picture & Video: Studios & Theatres category can avail of several tax deduction to reduce their taxable income during the income tax return (ITR) filing process. Depreciation: Motion picture studios and theatres can claim depreciation on assets like… Read More »