08 November 2019
I need a guidance in respect of accounting and taxation of film producers. The budget of film is around 2 CR. When to deduct TDS. In my case, the producer has paid all expenses like professional fees, contractor payment in FY 2018-2019 and not deducted TDS. In FY 2019-2020, pre-production process is going on and film will be released in this year.
He has not taken GST registration in last year as there was no sale in FY 2018-2019.
Please guide on all implication of Income Tax, TDS and GST.
CAclubindia
