https://www.taxtmi.com/article/detailed?id=17486 Section 140 permits an eligible start-up to claim a full deduction of profits derived from eligible business for any chosen three consecutive tax years within ten years of incorporation. Eligibility requires a qualifying company or limited liability partnership engaged in innovation-oriented or scalable business, compliance with incorporation, turnover and certification conditions, and restrictions on reconstruction and use of previously used machinery. The deduction requires audited accounts and timely audit reporting, with eligible-business profits computed independently and internal transfers valued at market value or an arm's length basis where applicable. en-us Tue, 29 Sep 2026 08:36:13 +0530 Tue, 29 Sep 2026 08:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17486 Section 140 permits an eligible start-up to claim a full deduction of profits derived from eligible business for any chosen three consecutive tax years within ten years of incorporation. Eligibility requires a qualifying company or limited liability partnership engaged in innovation-oriented or scalable business, compliance with incorporation, turnover and certification conditions, and restrictions on reconstruction and use of previously used machinery. The deduction requires audited accounts and timely audit reporting, with eligible-business profits computed independently and internal transfers valued at market value or an arm's length basis where applicable. Articles Income Tax Tue, 29 Sep 2026 08:36:13 +0530 https://www.taxtmi.com/article/detailed?id=17486