Insertion of new section 80PA-Deduction in respect of certain income of Producer Companies.

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..... of certain income of Producer Companies. 80PA. (1) Where the gross total income of an assessee, being a Producer Company having a total turnover of less than one hundred crore rupees in any previous year, includes any profits and gains derived from eligible business, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of .....

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..... ments, seeds, livestock or other articles intended for agriculture for the purpose of supplying them to the members; or (c) the processing of the agricultural produce of the members; (ii) member shall have the meaning assigned to it in clause (d) of section 581A of the Companies Act, 1956; (iii) Producer Company shall have the meaning assigned to it in clause (l) of section 581A of th .....

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