Advice on Managing a Part-Time Academy and Tax Implications for Udemy Instructors in India
Dear Indian Instructor Community,
I hope this message finds you well. My friends and I have recently created an academy, which we are running part-time while managing our full-time jobs. We're utilizing our time productively by teaching on Udemy, and I wanted to ask for your insights and advice .Do you think running this academy alongside our jobs could pose any issues in the future, particularly from a regulatory or compliance perspective?
Additionally, I would appreciate any guidance on the tax structure in India for Udemy instructors. Specifically, when receiving payments in USD through Payoneer and converting them to INR, are there any tax deductions or reductions applied by the Indian government?
Thank you in advance for your help and support. Your experiences and suggestions would be invaluable to us as we navigate this new journey.
Best regards,
THE TOPPER-B646