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Glossary

Terms Starting with "O"

3 terms found

Old vs New Regime

Two alternative tax structures for individuals and HUFs — the old regime with most exemptions, and the new default regime with lower slab rates but…

Income Tax

Old vs New Tax Regime

Old vs New Tax Regime: pick one for FY 2020-21. The old plan keeps all deductions you claim. The new one has lower slabs and fewer deductions.

Income Tax

OPC

An OPC is a private company with just one member. The rule is in Section 2(62) of the Companies Act, 2013. One person holds all the shares in it.

Corporate Law