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    <title>Insertion of new section 80PA-Deduction in respect of certain income of Producer Companies</title>
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    <description>A new section provides a one hundred per cent deduction of profits and gains of a Producer Company from eligible business-marketing members&#039; agricultural produce, supplying agricultural inputs to members, and processing members&#039; produce-subject to a statutory turnover ceiling and after accounting for deductions under other provisions of the same Chapter; statutory definitions of Producer Company and member apply and the provision is prospectively effective for the specified assessment years.</description>
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      <link>https://www.taxtmi.com/acts?id=31799</link>
      <description>A new section provides a one hundred per cent deduction of profits and gains of a Producer Company from eligible business-marketing members&#039; agricultural produce, supplying agricultural inputs to members, and processing members&#039; produce-subject to a statutory turnover ceiling and after accounting for deductions under other provisions of the same Chapter; statutory definitions of Producer Company and member apply and the provision is prospectively effective for the specified assessment years.</description>
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