Section 80PA → Section 149
Deduction in respect of certain income of Producer Companies
Quick Answer
Section 80PA of the Income Tax Act, 1961 (Deduction in respect of certain income of Producer Companies) corresponds to Section 149 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 80PA
Provision Summary
Allows 100% deduction of profits for Farmer Producer Companies (FPCs) having a total turnover of less than Rs. 100 Crores.
Sec 149
Provision Summary
Retained to support the aggregation of marginalized farmers into corporate structures.
Key Changes & Highlights
- MCA data sync required to prove valid FPC registration.
Frequently Asked Questions
What does Section 80PA of the Income Tax Act 1961 deal with?
Section 80PA (Deduction in respect of certain income of Producer Companies) Allows 100% deduction of profits for Farmer Producer Companies (FPCs) having a total turnover of less than Rs. 100 Crores.
What is the new section number for Section 80PA under the Direct Tax Code 2025?
Section 80PA of the ITA 1961 maps to Section 149 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 80PA under the new tax code?
Section 80PA is marked as "Retained" with status "Active". Impact: Medium - Supports agriculture-based startups and farmer collectives.
What are the key changes to Section 80PA under DTC 2025?
MCA data sync required to prove valid FPC registration.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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