Tag: income tax notice

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...