Suspense Crime Sach Ka Dam
Income Tax on Moonlighting: The Income Tax Department is sending notices to the households of people who earn money through moonlighting. If you are also related to this, know your mistake. Moonlighting is when you work outside of your full-time job. This second job is usually done as a regular job without the consent of the employer Income tax department is sending notice to salaried employees, you have also done ‘this’ mistake!
People are gradually moonlighting to earn more
Income tax department is now sending notices to such people
Income tax notices are being sent to those who earn extra money from ‘moonlighting
‘New Delhi: The Income Tax Department has simplified many complicated procedures over the years. The Income Tax department is providing many facilities to the customers to make everything quick and easy. Record ITRs have been filed this year too, but even after this there are many people who earn from moonlighting, but do not show the income in their taxable income. A notice is being sent to such employees by the Income Tax Department and the Income Tax Department is keeping a close eye on such employees.
Many people hide their income
People who earn through any means other than salary are being sent notices by the Income Tax Department and now the department is identifying the names of people who have filed ITR for the financial year 2019-20 and 2020-21. Notices are being sent to such people continuously and so far, the people who have been sent notices regarding hidden income include mostly IT (technology) professionals, management and accounting professionals who have hidden their side income from the Income Tax Department.
On the other hand, there are also many people who have earned from abroad as well. But in the form of their salary they have shown only regular income. Most such cases have been detected between the years 2019 to 2021 and so far the department has sent notices to around 1100 such people. Interestingly, the information of such employees has been given to the department only by the companies in which they are working.
Along with this, the Income Tax Department has issued notices to the people and sought answers after tracking all the transactions done from abroad. Also orders have been given to pay tax along with penalty on taxable income. During the Corona period, people were working from home, so many people joined different companies as a side income. After this information came to light, many big companies had shown the way out to moonlighting employees.
