Deduction in respect of certain income of Producer Companies.

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..... s 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 the assessee, a deduction of an amount equal to one hundred per cent. of the profits and gains attributable to such business for the previous year relevant to an assessment year commencing on or after the .....

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..... 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 the Companies Act, 1956. (1 of 1956) ] ******************** Notes:- 1. Inserted vide THE FINANCE ACT, 2018 , w.e.f. 1st day of April, 2019 - - statute, statutory provisio .....

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