Startup eligibility expanded under section 80-IAC, extending the incorporation window for claiming the statutory start-up deduction.

The amendment extends the incorporation cutoff for eligible start-ups under section 80-IAC so that a wider set of incorporations qualify to claim the statutory deduction, while retaining the existing conditional framework requiring a turnover ceiling, certification of eligible business, and the deduction being claimable for a consecutive multi year period within the first ten years of incorporation. The change operates from the start of the relevant fiscal year and applies to that assessment year and thereafter.

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