Why moonlighting professionals have come under Income Tax Department’s scanner
Have you been moonlighting? Did you earn additional income from a job apart from your regular employment but did not disclose it in your tax return? The Income-Tax Department has been sending notices to numerous professionals who failed to report additional earnings beyond their regular salaries in their tax returns, according to an ET report. A substantial volume of notifications pertained to the financial years 2019-2020 and 2020-2021, according to informed sources quoted in the report. Moonlighting gained traction during the pandemic, especially within the IT sector, as remote workers sought supplementary employment alongside their primary jobs.In various instances, income earned from supplementary employment – often referred to as moonlighting – was higher than the salary from the pri...
