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<h1>100% Tax Deduction Announced for Farmer Producer Companies with Turnover Up to Rs. 100 Crores for Post-Harvest Value Addition.</h1> The Union Minister for Finance and Corporate Affairs announced a 100% tax deduction for Farmer Producer Companies with an annual turnover of up to Rs. 100 crores, focusing on post-harvest value addition in agriculture. This incentive, effective for five years starting from the 2018-19 financial year, aims to professionalize post-harvest activities. The measure aligns with existing deductions for co-operative societies and supports initiatives like Operation Greens and Sampada Yojana. The announcement was part of the General Budget 2018-19 presented in Parliament.
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