https://www.taxtmi.com/news?id=23686 Budget enacts One Person Company reforms allowing Indian citizens including NRIs to incorporate OPCs, lowering residency thresholds, removing paid up capital and turnover limits, and permitting immediate conversion to other company forms; extends temporal eligibility for startup income exemption under section 80 IAC and for capital gains treatment under section 54GB; and establishes a Credit Guarantee Scheme plus a Seed Fund Scheme administered via selected incubators to provide milestone grants and early stage investment support for prototype, validation and commercialization. en-us Fri, 05 Feb 2021 15:40:42 +0530 Fri, 05 Feb 2021 15:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23686 Budget enacts One Person Company reforms allowing Indian citizens including NRIs to incorporate OPCs, lowering residency thresholds, removing paid up capital and turnover limits, and permitting immediate conversion to other company forms; extends temporal eligibility for startup income exemption under section 80 IAC and for capital gains treatment under section 54GB; and establishes a Credit Guarantee Scheme plus a Seed Fund Scheme administered via selected incubators to provide milestone grants and early stage investment support for prototype, validation and commercialization. News - Fri, 05 Feb 2021 15:40:42 +0530 https://www.taxtmi.com/news?id=23686