Deduction in respect of income of Farm Producer Companies

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....eduction in respect of income of Farm Producer Companies <br>Budget<br>Dated:- 5-2-2018<br><BR>D. TAX INCENTIVES Deduction in respect of income of Farm Producer Companies Section 80P provides for 10....

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....0 percent deduction in respect of profit of cooperative society which provide assistance to its members engaged in primary agricultural activities. It is proposed to extend similar benefit to Farm Pr....

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....oducer Companies (FPC), having a total turnover upto &#8377; 100 Crore, whose gross total income includes any income from- (i) the marketing of agricultural produce grown by its members, or (ii) t....

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....he purchase of agricultural implements, seeds, livestock or other articles intended for agriculture for the purpose of supplying them to its members, or (iii) the processing of the agricultural prod....

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....uce of its members The benefit shall be available for a period of five years from the financial year 2018-19. This amendment will take effect from 1st April, 2019 and will, accordingly, apply in rel....

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....ation to the assessment year 2019-20 and subsequent assessment years. [Clause 28]<BR> News - Press release - PIB....