QUESTION OF THE DAY: (1) Is it tax fraud for an individual to declare non-taxable revenue as taxable income? (2) What are the advantages of registering a company as a one-person company (OPC)?






(1) No it will not come under the notion of fraud unless it is a willful/ intentional misstatement to evade tax.

(2) The advantages of OPC are

1. Separate legal entity

2. Limited Liability

3. Perpetual existence

For information on Company Registration, visit https://www.parpella.com/one-person-company-registration

Location: Kerala, India

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