A Producer Company is taxed as a private limited company and must comply with the provisions of the Companies Act, 2013. It is required to file annual income tax returns, maintain proper accounting records, and have its accounts audited annually. TDS, GST (if applicable), and other statutory dues must be timely filed. The company must also comply with ROC filings such as annual returns and board meeting documentation.
Conclusion
Timely tax payments and statutory compliance ensure smooth functioning, build credibility among stakeholders, and enable producer companies to access government schemes and funding opportunities.