Can govt employee do online business?

Can government employee Earn Online?

No. You can not work for gain outside your employment, 2. Even for working voluntarily you shall have to take permission from appropriate authority since you are working with a Govt.

Can government employees have their own business?

No, A government employee is not allowed to run a private business, neither is he allowed to work anywhere else as a part-time or full-time employee. This is against government rule and hence person who is found can be charged for breaking the law.

Is government employee allowed for trading?

35(1) No Government servant shall speculate in any stock, share or other investment: Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorized and licensed or who have obtained a certificate of registration under the relevant law.

Can a government employee start a youtube channel?

You have to check from your department where you working. Legally there is no bar for such video sharing. The nature of your video will be crucial. In India usually government employees are not allowed to do other business simultaneously as per teems and conditions of your employment.

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Can a govt employee join Unacademy?

Unacademy is a “platform” where anyone can pitch to start a course. … Several IAS officers and full-time government employees, besides classroom teachers, have taken on hundreds of thousands of followers on Unacademy.

Can a govt employee earn from Youtube?

Can a goverment bank employee earns from adsense or youtube by uploding his video and monetize his account to earn money?? … 1) No Government employee shall, except with the previous sanction of the Government engage directly or indirectly in any trade or business or negotiate for, or undertake any other employment.

Is it legal to start a business while employed in India?

You can start your company as long as your employment contract does not forbade you to do so. Employees in companies such as TCS, Infosys have explicit agreements in the employment contracts that says that you will not do any other work with any other business during the course of employment.

Can bank employee do business?

As far as the govt is concerned, no govt. servant can have two jobs(one with the govt and one with a private firm). You can still do business alongside your govt job under a falsified name or the name of your close relative.

Can government employees open demat?

So you can Invest in shares. You may make the investment in the shares and by and sell and can show the profit as your long and short term capital gains through your demat account. … So except to pay income tax there is no hindrance in investing shares by a government employee.

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Can a govt employee do intraday trading?

As far as my knowledge goes, government employees cannot do intraday trading. However, you can surely invests in stocks, MFs, ULIPs, etc.

Can govt employees invest sip?

Yes it is legal to invest in mutual funds for future savings.