Startup deduction window extended to allow three consecutive assessment-year deductions within an extended incorporation eligibility period for qualifying startups.

Where a qualifying startup's profits from an eligible business are included in gross total income, a deduction equal to one hundred per cent of those profits is allowed for three consecutive assessment years; the amendment permits the assessee to claim that three-year deduction for any three consecutive assessment years chosen from within seven years beginning with the year of incorporation instead of five years.

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