Please clarify whether a farmer producer company as defined in section 581A of Companies Act, 1956 is required to furnish details of shareholding in the Schedule SH-1 of ITR-6?
FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23
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Producer company classification requires marking the producer company box on the return; no separate shareholding schedule is required. A farmer producer company classified as a producer company is not required to populate shareholding details in Schedule SH-1 of the ITR 6; it must, however, select 'Yes' to the producer company item in Part A General of the return.
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Provisions expressly mentioned in the judgment/order text.
Producer company classification requires marking the producer company box on the return; no separate shareholding schedule is required.
A farmer producer company classified as a producer company is not required to populate shareholding details in Schedule SH-1 of the ITR 6; it must, however, select 'Yes' to the producer company item in Part A General of the return.
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