Income tax for Producer Companies
This query is : Resolved
19 December 2020
Whether Income earned by farmer producer companies can be considered as Agriculture Income and claim Exemption u/s 10(1) of Income tax Act.
Whether MAT is applicable for Producer Companies?
Whether MAT is applicable for Producer Companies?
19 December 2020
Yes, it will be considered as agricultural income exempt from tax.
MAT is not applicable
MAT is not applicable
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