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    <title>Insertion of new section 80PA-Deduction in respect of certain income of Producer Companies.</title>
    <link>https://www.taxtmi.com/acts?id=32031</link>
    <description>Section 80PA allows qualifying producer companies with turnover below the statutory threshold to claim a one hundred per cent deduction of profits and gains attributable to an &quot;eligible business&quot; for specified assessment years. The deduction is subject to temporal limits and interacts with other Chapter deductions by being computed after reducing those other deductions. Eligible business is defined to include marketing of members&#039; agricultural produce, supply of agricultural inputs to members, and processing of members&#039; produce; &quot;member&quot; and &quot;Producer Company&quot; take the meanings in section 581A of the Companies Act, 1956.</description>
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    <pubDate>Mon, 19 Mar 2018 14:50:27 +0530</pubDate>
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      <title>Insertion of new section 80PA-Deduction in respect of certain income of Producer Companies.</title>
      <link>https://www.taxtmi.com/acts?id=32031</link>
      <description>Section 80PA allows qualifying producer companies with turnover below the statutory threshold to claim a one hundred per cent deduction of profits and gains attributable to an &quot;eligible business&quot; for specified assessment years. The deduction is subject to temporal limits and interacts with other Chapter deductions by being computed after reducing those other deductions. Eligible business is defined to include marketing of members&#039; agricultural produce, supply of agricultural inputs to members, and processing of members&#039; produce; &quot;member&quot; and &quot;Producer Company&quot; take the meanings in section 581A of the Companies Act, 1956.</description>
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      <pubDate>Mon, 19 Mar 2018 14:50:27 +0530</pubDate>
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