Producer Company Registration
Time to complete Producer Company Registration easily. Get your Producer Company Registration from best company registration consultants. Click here to know all about the producer company incorporation procedure. Under the Companies Act, 2013, a Producer Company was introduced, which provides an opportunity to the individuals engaged in producing activities (particularly by farming) to form a company. Moreover, a producer company is a corporate entity whose objectives/activities are described in Section 518B . Under Section 10(1) of the Income Tax Act , agricultural incomes are not subject to pay tax, yet, sometimes the exemptions are present, depending on the execution of the farming activities. Moreover, its definition does not define any particular unique tax benefit or exemptions that a producer company avails. However, concerning agricultural activities that the producer company executes, certain tax benefits and exemptions can be availed. For instan...