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<h1>Tax Breaks for SEZ Entrepreneurs: 100% Deduction on Export Profits for First 5 Years, 50% Next 5 Years Under Section 10AA</h1> Section 10AA provides tax incentives for newly established units in Special Economic Zones (SEZs). Entrepreneurs establishing manufacturing, production, or service units in SEZs between 2006 and 2021 can claim 100% tax deduction on export profits for five years, followed by 50% deduction for the next five years. The provision requires export proceeds to be received in convertible foreign exchange within six months and mandates specific conditions for reinvestment and utilization of reserved funds. Deductions are subject to compliance with prescribed conditions and documentation requirements.