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What is the tax audit limit for OPC?

OPC tax audit limit: ₹1 Cr turnover (₹10 Cr if 95% transactions are digital).

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What is the tax rate for OPC?
OPC tax rate in India: 25% for income up to ₹1 Cr, 30% beyond ₹1 Cr, plus surcharge & cess.
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Can I hire employees in OPC?
Yes, OPCs can hire employees. Follow labor laws for recruitment, salaries, and compliance.
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Is tax audit compulsory for LLP?
Yes, tax audit is compulsory for an LLP if its turnover exceeds ₹1 crore.
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What is the turnover limit for OPC?
The turnover limit for an OPC (One Person Company) is ₹2 crore.
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