📊 Why You Should Choose OPC Company Registration in India?

Looking to start your business with full control and corporate benefits?

A One Person Company (OPC) offers the perfect balance between professional credibility and operational simplicity.

Here’s why OPC is a smart strategic choice compared to Proprietorship and Private Limited Company:

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🔹 OPC vs Proprietorship – Why OPC is Better

✅ Limited Liability Protection
Your personal assets remain safe. In proprietorship, personal and business risks are the same.

✅ Separate Legal Identity
OPC has its own legal status. Proprietorship does not. This improves trust with clients and banks.

✅ Higher Business Credibility
OPC structure enhances brand value and improves eligibility for loans and tenders.

✅ Business Continuity
OPC continues even in case of owner’s incapacity through nominee provision.

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🔹 OPC vs Private Limited Company – Why OPC is Better

✅ Single Owner Control
No need for multiple shareholders. Full ownership remains with you.

✅ Lower Compliance Burden
No AGM requirement. Fewer procedural formalities compared to Pvt Ltd.

✅ Lower Compliance Cost
Annual compliance and professional fees are significantly lower.

✅ Ideal for Small and Professional Businesses
Perfect for consultants, freelancers, and solo entrepreneurs.

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🔹 Key Benefits of OPC

✔ Limited Liability
✔ Separate Legal Entity
✔ Full Ownership & Control
✔ Better Market Reputation
✔ Easy Conversion to Pvt Ltd in Future

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💼 Best Suitable For:

• Consultants
• Freelancers
• IT Professionals
• Startup Founders
• Service Providers

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📌 Professional Insight

OPC is a strategic upgrade from proprietorship, offering protection and credibility, while avoiding the heavier compliance burden of a Private Limited Company.

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📞 Thinking of registering your OPC? Get expert assistance today.

CA RAMAKRISHNA SANJAY
+91 7760252581

#OPC #CompanyRegistration #StartupIndia #Entrepreneur #BusinessSetup #CorporateCompliance

🌍 FAST-DS 2026: Big Relief for Foreign Asset Non-Disclosure | Budget 2026

 

The Government has introduced the Foreign Assets of Small Taxpayer Disclosure Scheme (FAST-DS), 2026, providing a one-time compliance window to regularise undisclosed foreign assets with reduced penalties and immunity from prosecution.

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👤 Who Should Consider This?

✔ Returning NRIs with foreign bank accounts
✔ Employees holding ESOPs / RSUs abroad
✔ Students / professionals with overseas accounts
✔ Residents who missed reporting in Schedule FA
✔ Individuals with small foreign investments

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📊 Two Relief Categories

🔴 Category A – Asset & Income Not Disclosed
• Applicable if asset / income not reported at all
• Eligibility: Asset value up to ₹1 crore
• Pay: 30% tax + 30% additional charge (Total 60%)
• 🎯 Benefit: Full immunity from prosecution

🟢 Category B – Income Disclosed, Asset Not Reported
• Technical non-disclosure in Schedule FA
• Eligibility: Asset value up to ₹5 crore
• Pay: Flat ₹1 lakh only
• 🎯 Benefit: No penalty, No prosecution, Complete closure

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⚖ Major Advantage vs Black Money Act

Under normal law:
• Penalty up to 120% of asset value
• Plus prosecution risk

Under FAST-DS:
• Reduced financial burden
• Permanent compliance closure
• Immunity from legal consequences

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⏳ Limited Time Opportunity

This scheme will be available only for a 6-month window. Post closure, authorities will rely on global information exchange (CRS) to detect undisclosed assets.

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💡 Professional Insight

This is a strategic compliance opportunity for taxpayers to regularise foreign assets at significantly lower cost and risk.

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📞 For advisory and compliance support:

CA Ramakrishna Sanjay
+91 77602 52581

How to Incorporate an LLP: A Quick & Simple Guide

Starting a business with partners? A Limited Liability Partnership (LLP) is a great option—flexible, easy to manage, and offering limited liability protection. Here’s a quick walk-through of how to incorporate one.

1. Get Your Partners’ DIN & DSC Ready

Every designated partner needs a Digital Signature Certificate (DSC) and a Director Identification Number (DIN). These are essential for signing and filing documents online.

2. Choose a Unique Name

Propose your LLP name through the RUN-LLP service on the Ministry of Corporate Affairs portal. Make sure the name is unique and not too similar to an existing business.

3. File the Incorporation Form

Submit the FiLLiP form (Form for Incorporation of LLP) online with details like:

• Proposed business activity

• Registered office address

• Partner details
  This gets filed with the Registrar of Companies.

4. Draft the LLP Agreement

This document defines how your LLP will work—roles, profit sharing, rights of partners, etc. Once drafted, upload it in Form 3 within 30 days of incorporation.

5. Receive Your Certificate of Incorporation

Once everything is approved, you’ll receive the LLP Incorporation Certificate—and your LLP is officially born!

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Final Tip: Keep your documents ready, choose your business partners wisely, and follow the steps in sequence. Incorporating an LLP is simpler than most people expect!

Pooja B S
+ 91 7760 252581
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Zero Tax on NRI Mutual Fund Capital Gains

 

ITAT Ruling: No Tax on NRI Mutual Fund Capital Gains – Professional Analysis

The Mumbai ITAT has held that capital gains earned by an NRI resident of Singapore from sale of Indian mutual fund units are not taxable in India, based on the India–Singapore DTAA. This is a significant precedent with broader implications for treaty-resident NRIs.

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Key Technical Reasoning of ITAT

1. Mutual Fund Units ≠ Shares

• Mutual Funds in India are structured as trusts under SEBI Regulations, not companies.

• DTAA provisions dealing with taxation of “shares” do not automatically apply to mutual fund units.

• Since the treaty did not explicitly cover MF units, India lost taxing rights.

Conclusion: Gains taxable only in the country of residence (Singapore), not India.

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2. DTAA Overrides Domestic Law (Section 90(2))

Even though Indian domestic law taxes:

Type	Tax Rate (NRI)
STCG Equity MF	20%
LTCG Equity MF	12.5%

DTAA benefit prevails if more beneficial.

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3. Taxing Rights Shifted to Country of Residence

Under India-Singapore DTAA:

• Capital gains taxable in country of residence, unless specifically covered.

• Mutual fund units not specifically covered → India cannot tax.

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Critical Compliance Requirement: TRC Mandatory

To claim DTAA benefit, NRI must have:

✔ Tax Residency Certificate (TRC)
✔ Form 10F
✔ No PE (Permanent Establishment) in India
✔ Beneficial ownership

Without TRC → DTAA benefit denied.

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Practical Implications for NRIs

Positive Impact Countries

This principle may apply to NRIs resident in:

• Singapore

• UAE

• Mauritius

• Portugal

• UK

• Germany

• France

• Australia

• Hong Kong

Subject to specific DTAA wording.

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Important Caveat – Not Universal Exemption

This ruling:

• Is case-specific

• Depends entirely on:

  • DTAA language

  • Facts of case

  • Residency proof

Not automatic blanket exemption.

Department may appeal in High Court.

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Professional Advisory View (Strategic Interpretation)

Structuring Opportunity

NRIs in favourable DTAA countries may achieve:

• Zero capital gains tax in India

• Taxable only in residence country

• Potential tax arbitrage if residence country exempts

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Technical Position under Indian Law (Current)

Particular	Resident	NRI (without DTAA)	NRI (with favourable DTAA)
Mutual Fund LTCG	Taxable	Taxable	Possibly Not Taxable
Mutual Fund STCG	Taxable	Taxable	Possibly Not Taxable

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Conclusion

This ITAT ruling creates major tax planning opportunity for NRIs, but it is not a blanket exemption. Proper treaty analysis and documentation are critical.

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CA Ramakrishna Sanjay
+91 7760252581

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 Mumbai Income Tax Appellate Tribunal (ITAT) ruled in favour of Anushka Sanjay Shah, a Singapore-based NRI

📊 Important GST Limits Every Business Must Know (2026 Update)

 

Understanding GST thresholds is critical to ensure compliance, avoid penalties, and optimise tax planning. Here is a quick summary:

✅ GST Registration Limits

• Goods Suppliers – ₹40 Lakhs
• Service Providers – ₹20 Lakhs
• Special Category States – ₹10 / ₹20 Lakhs

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✅ Composition Scheme Eligibility

• Traders / Manufacturers – Up to ₹1.5 Crore
• Service Providers (Sec 10(2A)) – Up to ₹50 Lakhs
• Restaurants (Non-alcoholic) – Up to ₹1.5 Crore

👉 Benefit: Lower tax rate and simplified compliance

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✅ GST Return Compliance

• QRMP Scheme – Up to ₹5 Crore
• GSTR-9 Mandatory – Above ₹2 Crore
• GSTR-9C Mandatory – Above ₹5 Crore

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✅ E-Invoicing Applicability

• Mandatory if Turnover exceeds ₹5 Crore

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✅ E-Way Bill Requirement

• Mandatory if consignment value exceeds ₹50,000

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⚠️ Penalties for Non-Compliance

• Late fee – Up to ₹200 per day
• General penalty – Up to ₹50,000

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🎯 Why this matters?

✔ Avoid heavy penalties
✔ Plan turnover efficiently
✔ Select the right GST scheme
✔ Ensure smooth business operations

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📞 Need help with GST registration, returns, or compliance?
Contact us today for expert support.

📍 https://share.google/aOzL0ZYXlgKBzSjib
📞 +91 77602 52581

Enhanced Rebate u/s 87A – Budget 2025-26

💰 Major Tax Relief for Middle Class – Income up to ₹12 Lakhs Tax-Free*

The Budget 2025-26 has significantly enhanced the rebate under Section 87A, making the New Tax Regime more beneficial than ever.

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📊 Key Highlights

✅ 1. Tax-Free Income Limit Increased

• Earlier: ₹7,00,000

• Now: ₹12,00,000

• Result: Zero tax liability up to ₹12 lakhs (subject to conditions)

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✅ 2. Rebate Amount Increased

• Earlier rebate: ₹25,000

• Now increased to: ₹60,000

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✅ 3. Marginal Relief Available

• If income slightly exceeds ₹12 lakhs,

• Additional tax will not exceed the extra income earned

• Prevents sudden tax burden

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⚠️ 4. Important Restriction

Rebate NOT available on special rate incomes like:

• Capital Gains (Shares, Property, etc.)

• Lottery income

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🎯 Practical Impact

Income	Tax under New Regime
₹8,00,000	NIL
₹10,00,000	NIL
₹12,00,000	NIL
₹12,10,000	Small marginal tax only

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📌 Strategic Insight

✔ Strong push towards New Tax Regime
✔ Major benefit for salaried & professionals
✔ Significant increase in disposable income
✔ Simplifies tax planning (less dependency on deductions)

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🧾 Conclusion

This amendment is a game-changing tax relief, making ₹12 lakh income effectively tax-free (excluding special incomes). 

Proper structuring of salary and income can help maximise this benefit.

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📍 Gururaaja Sanjay & Co, Chartered Accountants
📞 +91 77602 52581
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