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of <h1>Start-up tax break extended: Eligibility for deductions now 10 years, turnover cap raised to 100 crore.</h1> Section 80-IAC of the Income-tax Act is amended to extend the eligibility period for start-up deductions from seven to ten years, effective April 1, 2021. The amendment also increases the maximum allowable turnover from twenty-five crore rupees to one hundred crore rupees for eligible start-ups. This allows start-ups to claim a 100% deduction on profits for three consecutive assessment years within the new ten-year period, applicable from the assessment year 2021-2022 onwards.
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