Section 507
Section 507: statements by film producers and specified-activity persons
Section 507 requires anyone producing a cinematograph film, or engaged in a defined list of "specified activities" such as event management or OTT content production, to report payments made to the people they engage for that work.
Who must file, and when
Any person carrying on the production of a cinematograph film, or engaged in any specified activity, or both, during the whole or any part of a tax year, must furnish a statement in the prescribed form and manner, within the prescribed period, to the prescribed income-tax authority.
What the statement must contain
The statement must contain particulars of all payments exceeding ₹50,000 in the aggregate, made by, or due from, the person to each individual engaged by them in the production or specified activity.
Meaning of "specified activity"
"Specified activity" means any event management, documentary production, production of programmes for telecasting on television or over-the-top platforms or any other similar platform, sports event management, other performing arts, or any other activity the Central Government may, by notification, specify.
Frequently asked questions
At what payment level does Section 507 reporting apply?
The statement must cover all payments exceeding ₹50,000 in the aggregate made by, or due from, the filer to each person engaged in the production or specified activity.
Does Section 507 only apply to film producers?
No - it also covers persons engaged in "specified activity", which includes event management, documentary production, TV/OTT programme production, sports event management, other performing arts, and any activity the Central Government notifies.
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Talk to our tax team about this sectionLast updated 9 September 2026