Eligible start-up deduction allows full profit-linked relief, subject to certification, audit, turnover limits, and anti-abuse conditions.

Deduction for an eligible start-up allows 100% of profits derived from an eligible business, claimed while computing total income, for any three consecutive tax years out of ten years from incorporation. Eligibility depends on specified incorporation limits, turnover limits, certification, and compliance with anti-abuse rules against splitting up or reconstructing existing business and using previously used machinery, subject to stated exceptions. The eligible undertaking is treated as an independent source of income, with audit and prescribed reporting requirements, and transfer pricing-style adjustments apply to transactions with other businesses of the assessee.

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