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of <h1>Start-up 100% tax deduction for eligible business for three consecutive years within ten years-Section 80-IAC compliance rules</h1> An eligible start-up carrying on an 'eligible business' may claim a 100% deduction of profits from that business for any three consecutive tax years within ten years of incorporation. Eligibility excludes enterprises formed by splitting or reconstructing an existing business or by transferring previously used plant or machinery, subject to exceptions for re-establishment after specified calamities, imported plant unused in India, and a de minimis 20% used-asset threshold. Deduction requires audited accounts and prescribed audit report; transfers between businesses must be valued at market or arm's-length price; the assessing officer may recompute profits if arrangements distort profits; Central Government may notify exclusions; definitions set incorporation dates, turnover ceiling and certification requirements.
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