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of <h1>Producer Companies with under 100 crore turnover get 100% tax deduction on eligible business profits until March 31, 2024.</h1> An assessee classified as a Producer Company with a turnover under one hundred crore rupees in any tax year is eligible for a 100% deduction on profits and gains from eligible business activities. This deduction applies to tax years starting on or after April 1, 2018, and before April 1, 2024. Eligible businesses include marketing agricultural produce grown by members, purchasing agricultural supplies for members, or processing members' agricultural produce. The deduction is applied after reducing the gross total income by other applicable deductions. Definitions for 'eligible business,' 'Member,' and 'Producer Company' are aligned with the Companies Act, 2013.
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