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of <h1>Clause 140: Income Tax Bill 2025 Offers 100% Profit Deduction for Eligible Start-Ups for Three Years</h1> Clause 140 of the Income Tax Bill, 2025, provides tax deductions for eligible start-ups. It allows a 100% deduction of profits from eligible businesses for three consecutive tax years within ten years of incorporation. The start-up must not be formed by splitting or reconstructing existing businesses or using previously utilized machinery. Exceptions apply if the business is re-established after natural disasters or other specified events. The profits must be audited, and transfers between businesses should reflect market value. The Assessing Officer can adjust profits if transactions yield abnormal profits. The Central Government can revoke exemptions for specific enterprises. Eligible start-ups must be certified and have a turnover under 100 crore rupees.
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