A One Person Company (OPC) is a company structure where a single individual acts as both the shareholder and director, offering the benefits of limited liability while maintaining complete control over the business. It’s registered under the Companies Act, 2013.
Complete Your ITR Filing
Ready Your ITR Filing For OPC with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing For OPC.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing For OPC.
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing For OPC.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing For OPC.
Filing Income Tax Returns (ITR) is a mandatory annual requirement for One Person Companies (OPCs), even if they have no income or are in loss. Let’s break it down!
In India, filing an income tax return (ITR) is a mandatory requirement for One Person Companies (OPCs), regardless of their annual turnover. This obligation ensures that OPCs comply with tax regulations established by the authorities. The deadline for submitting the ITR is set for six months following the conclusion of the financial year. As part of this process, it is the responsibility of the director to prepare and file the necessary documentation online. This requirement underscores the importance of timely compliance for OPCs, allowing them to maintain good standing with tax authorities and avoid potential penalties.
–Legal Compliance – Mandatory under the Income Tax Act, 1961 and Companies Act, 2013.
–Avoid Penalties – Late or non-filing attracts fines and penalties.
–Carry Forward Losses – Business losses can be carried forward for future tax adjustments.
–Maintain Business Credibility – Essential for loans, investments, and tenders.
–Claim Tax Refunds – Helps recover any excess TDS deducted.
-Avoid penalties and interest charges
–Carry forward losses for future tax savings
–Ensure compliance with regulatory authorities
–Build credibility for loans, tenders, and investments
–Claim refunds and tax credits
An OPC must get its accounts audited if: Turnover exceeds ₹1 crore (business). Gross receipts exceed ₹50 lakh (professional services)
The audit must be conducted by a Chartered Accountant (CA), and the company must file Form 3CA-3CD.
Auriga provide expert services which can get your new business off to a flying start. We are Compliance for your business. Here you get simple and affordable online company registration and range of essential services. A world class technology – driven platform, offering end to end service from startup to well established firm.
By continuing past this page, you agree to our Terms of Service,Cookie Policy,Privacy Policy,Refund Policy and Content Policies.
© AURIGA ACCOUNTING PRIVATE LIMITED | 2021 | All Rights Reserved
