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of <h1>Tax Breaks for Innovative Startups: 100% Profit Deduction for 3 Years Within First 10 Years of Incorporation</h1> The text analyzes Clause 140 of the Income Tax Bill, 2025, which provides tax incentives for start-ups. The provision offers 100% profit deduction for three consecutive tax years within the first decade of incorporation for eligible innovative businesses. Conditions include certification, turnover limits, and restrictions on business formation. The clause closely mirrors the existing Section 80IAC, with minor improvements in drafting and administrative flexibility, aiming to support entrepreneurship, innovation, and economic growth by reducing tax burdens for new businesses.
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