According to a report by Iran's state-run Islamic Republic News Agency (IRNA) on Monday, rescue teams located the aircraft's flight recorder from the crash site in the Zagros Mountains, about 370km south of Iran's capital, Tehran.
Another Iranian official representing the civil aviation's organization said that the authorities had launched investigation into the incident.
The plane has been identified as a Bombardier CL604 and its tail number is TC-TRB.
Turkey's Daily Sabah reported that the private jet was carrying the Basaran Holdings heir and bride-to-be.
The Başaran Investment Holding operates in different sectors including tourism, finance, construction, tourism, aviation, cement, and energy. A graduate of the private Koc University, Ms Basaran and her friends were from the wealthiest echelons of Turkish society and were educated in the country's best institutions and overseas.
ISNA earlier quoted emergency services as saying the wreckage was burning and was clearly visible.
Emergency personnel are struggling to reach the crash site because of the mountainous terrain, local media reported. The bride-to-be died in the plane crash.
Flight-tracking website FlightRadar24 writes the plane gained altitude and within minutes dropped drastically.
The last photo on her account showed her surrounded by seven other young women, all wearing robes and sunglasses.
"The 10 identified dead bodies will be transported by helicopter to Shahr-e Kord Airport", he added.
Turkey's Transport Ministry said the aircraft belonged to her father's company.
The Aseman Airlines plane, en route from Tehran to the south-western city of Yasuj, crashed near the city of Semirom in Isfahan province.