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of <h1>Section 80PA Offers 100% Tax Deduction for Producer Companies with Turnover Under 100 Crores Until 2025</h1> Section 80PA of the Income-tax Act, introduced by the Finance Act of 2018, provides a deduction for Producer Companies with a turnover of less than 100 crore rupees. Effective from April 1, 2019, this section allows a 100% deduction of profits and gains from eligible business activities, such as marketing agricultural produce, purchasing agricultural supplies, or processing agricultural products, for assessment years up to April 1, 2025. If other deductions apply, the 80PA deduction is calculated after accounting for those. Definitions for 'eligible business,' 'member,' and 'Producer Company' are aligned with the Companies Act, 1956.
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