Take under your name and pay taxes accordingly. Why bring parents into this

In case the company I work full time has any issues with me doing freelance work.

Pre Sales

Obviously see what your contract says. If you are doing something illegal then doesn't matter where you receive money, if someone knows you are toast

Investor

Analyst

I currently freelance but I've also got a full time job offer.  Can i continue taking freelance income in my salary account or should I avoid taking freelance income under my PAN and get that in ma...

Welcome to Personal Finance's Private Community

I currently freelance but I've also got a full time job offer.

Can i continue taking freelance income in my salary account or should I avoid taking freelance income under my PAN and get that in maybe my parents account?

Freelance income in salary account?

Freelance income in salary account?- Grapevine

Welcome to Indian Startups's Private Community

I'm currently working on an FTE job - wherein the offer letter its mentioned "During the term of your employment with the Company, you may not engage in any employment or act in any way, which either conflicts with your duties and obligations to the Company, or is contrary to the policies or the interests of the Company."

Now, I'm getting enough time and I want to consider working in a 0-1 startup, and the new company I'm joining will know about my current employer - The above mentioned is the only clause the current employer have regarding working in other company. Can the current employer legally put a case anytime in the future if they get to know this? - what are the loopholes I can use here?

What position I can join in as (Consultant, Advisory role) - Still an early career professional in order to avoid conflict afterwards.

Thank you for your help!!

Needed quick Legal Advice - On Moonlighting

Product Manager

Welcome to Ask Grapeviners's Private Community

My company doesn't allow working for anyone else including freelancing.
I'm a fresher so I don't know what information my company can access with my PAN Number.
The second job also has TDS,I don't know how the Form 16 works.

Could someone please help me out?
I want to freelance without getting caught/losing my full-time job.

Moonlighting

Welcome to Office Gossip's Private Community

I want to know if freelancing, tutoring, content writing etc comes under moonlighting and how to avoid being noticed in my current full time job? Any suggestions are appreciated

Is it possible to take a second job during weekends or part time in weekdays?

Consultant

Just want to get inputs from those who freelance along with being salaried. I am wondering how people do ITR filing when they’re directly receiving payment from their clients abroad (inward remittance) on their own name (no company created for offering ur service) as well as have their monthly salary ? As much as I’ve read you would be filing ITR-4 but then wouldn’t this reveal to ur current or next employer that u worked 2 places?
Really curious to know as it’s ITR filing time.

Wouldn’t ITR be a mess for salaried employee who also freelances?

Software Engineer

Hello, I started working as SDE at a regular tech firm a few months back. Prior to that I wanted to get into freelancing, even did a few projects.

In the offer letter it's clearly stated that "shouldn't have any other interest in business" and talking around looks like they probably don't want us to have any other sources of income.

I feel confident in few skills that I can more on side, (not greedy need more financial stability)

My Questions
[1] Freelance platforms (fiver, upwork, etc) ask for pan, is it okay if I give my friends/family pan ?
[2] Should I register for a LLP on their name, use that pan everywhere and run the business myself ?
[3] Is it good idea to run it under an alias ?


Any advice / insight / experience would be highly appreciated 🙏

Freelance without company knowing?

Data engineer

Any full time employees freelancing here? How do you manage your taxes? Also, is it a violation of corporate policies?

Growth Manager

Welcome to Software Engineers's Private Community

Can I work as a consultant in a different domain while I'm with another company?

Will consulting have implications if my employer figures out? Also how can my company figure out that I am consulting? Can they check PAN Card details? I’m guessing this is different from moonlighting since I’m not employed at two places. It’s just that I’m consulting 

What's the smart way to go about this? Should I use a different bank account or something?

P.S : The consulting work is in a different domain but mainly just for one company.

Can you consult in another field when you are employed?

Welcome to News Discussion's Private Community

Can my employer find out if I started freelancing in upwork?

Upwork asks for pan details. So by any chance my employer can find out from the income tax portal or something?

Freelancing along with Job.

Question to guys who are working part time for a startup Or foreign client along with a regular job.. How do you manage payments and hide your side-gig from your primary employer? 

Can you take payments in your own account or in account of someone else? 

How do you ensure your employer don't find out.. Perhaps use a different laptop .

Folks doing part-time moonlighting with a regular job, how do you manage payments?

Fellow freelancers of coders/designers.

I used to freelance via upwork. Now I have a direct UK based client outside of Upwork. 
I don't know how to receive a payment.

- Do i set up a PayPal account ?
- He said he can try using WISE transfer  ? Is it possible to transfer directly to my personal bank account ?
- What are the rules ? Does RBI creates issues in bank transfer/PayPal ?
- Anything I am missing?

Want to complete this all today so he sends it tomorrow and I get a Diwali baksheesh :)
Help appreciated.

How to receive foreign payment of freelance

UX/UI Designer

So I have got full time job offer and they have asked the current CTC which I gave a rough estimate but also it's freelancing payments from different sources so how will company verify the current CTC if they want to and if they try to ask for proofs how can it be provided?

I'm a Freelance UI/UX designer and got full time job offer.

For people who lie in the 30% tax bracket, how do you save taxes?

Do you suggest making a dummy rent agreement on your parents name to save HRA? 

Got to know that if monthly rent is more than 50K, the tenant has to pay TDS as well. How do you account for it?

Any suggestions on saving taxes?

Dummy Rent Agreement works?

I have been freelancing since Dec'23. They connected my account details via RIPPLING. They asked me to fill a form (W8-BEN) in which I had to add my PAN.

I pulled 26AS for 23-24 but not seeing anything from this company in there. 

Since this is my first time doing freelancing I'm not sure how to move from here. 
Should I add it as income from foreign sources? 
Or I need to do something else.


If someone has any experience in this field do enlighten me please 🙏

ITR for freelancing gig

So my friend moonlights, does two jobs. My friend was wondering if one jobs income can be shown as business income? Or does that need some other contract? Does anyone know?

Moonlight tax

Software Lead

I've resigned and our co-founder gave me an offer, where I'll be officially released but I have to work after office hours & will get paid accordingly (for temporary period) 
I'm sorta inclined towards the offer, I'll get some extra money + the work load isn't much, I can do it along with my day job. 


Now what are the factors I should take care of while finalizing this decision? How to make sure my bgc remains clean or something?

How the payment will happen? Ofc they will propose me something, but I wanna be prepared from my side as well. 

Thanks for reading, and I appreciate any input, about anything I've written or about moonlighting in general. 


PS: I'm also okay declining the offer, except the fact the company will suffer, which I don't want to (as we are very small team), and I genuinely want it to be successful.

How to moonlight?

Software Developer

Hi, I need some help from the finance experts.. I have been doing freelancing for a few months. Until now I was doing it on upwork and other freelancing sites and the amount was also lower (<1lac). Recently I was working with a client outside of the freelancing sites. The client will be paying me in dollars. For transferring the payment he said he will only do via wire transfer.  Now my question is which is the best way to reduce the taxes which I have to pay to the government. The amount will be >10lac. I am already earning more than 10lpa from my job so if I get that money in my account I'll have to pay more tax. On the other hand my parents earnings are not coming under the income tax slab. Should I directly transfer the amount in my account or to my parents account or should I create a msme and register it under GST? 

TIA 🙏

Need help in getting usd from a client.

hey folks do you declare any side/freelancing income information during return filing?  
if your side hustle is over 5L but less than 20L, will you declare or keep it hidden?

Freelance income in salary account?

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