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of <h1>Eligible start-ups can claim 100% deduction for three consecutive years under Section 80-IAC with certification and turnover limits</h1> An eligible start-up (company or LLP) carrying on an 'eligible business' may claim a 100% deduction of profits from that business for any three consecutive assessment years within ten years of incorporation. Eligibility requires incorporation between 1 April 2016 and 1 April 2030, turnover not exceeding Rs.100 crore in the relevant previous year, and a certificate from the Inter-Ministerial Board of Certification. Start-ups must not be formed by splitting or by transferring previously used domestic plant/machinery beyond specified thresholds. Certain procedural and qualifying provisions of section 80-IA apply to allow the deduction.
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