Income Tax Action: According to an update from the Income Tax Department, let us tell you that now the department will crack down on these employees… In such a situation, check immediately if your name is not included.
Income Tax Action: According to an update from the Income Tax Department, let us tell you that now the department will crack down on these employees… In such a situation, check immediately if your name is not included.
The Income Tax Department has simplified many complicated procedures for a long time. The department brings many facilities for the customers to do every work quickly and easily. This year also a record ITR was filed.
But even after this, there are many people who earn through moonlighting, but do not include the income from it in their taxable income. Notice is being sent to such employees by the Income Tax Department. The Income Tax Department has kept a close watch on such employees.
Earning is hidden by many people-
Let us tell you that notice by Income Tax Department is being sent to such people, who earn through any means other than salary. Right now the department has identified the names of people who file ITR for the financial years 2019-2020 and 2020-2021.
Notices are constantly being sent to such people. So far, all the people who have been sent notices regarding hidden income include mostly IT professionals, management and accounting professionals. Those who hide their side income from the Income Tax Department.
There are many such people who have earned from abroad also. But in the form of his salary, he has included only regular income. Most of such cases have come between the years 2019 to 2021. So far the department has issued notes to about 1100 such people. The great thing is that 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 sought answers by issuing notices to the people even after tracking all the transactions done from abroad. Along with this, an order has also been given to pay tax along with penalty on taxable income. During the Corona epidemic, people were working from home.
In such a situation, many people were working with many different companies. After this information came to the fore, many big companies had shown the way out to the employees doing moonlighting.
