income-tax clearance certificate

Black money: CBDT issues clarification on income-tax clearance certificate. Check details

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Black money: CBDT issues clarification on income-tax clearance certificate. Check details

The Central Board of Direct Taxes (CBDT) on Tuesday clarified that all Indian citizens are not required to obtain an income-tax clearance certificate (ITCC) before travelling to other countries. The statement was issued after an amendment was made to the Income Tax Act 1961 through the Finance Bill 2024, wherein the Black Money Act has been … Read more

Income tax clearance mandatory to leave India? Centre issues a clarification. Here’s what it says

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Income tax clearance mandatory to leave India? Centre issues a clarification. Here’s what it says

The Central Board of Direct Taxes (CBDT) has issued a  clarification regarding Section 230 of the Income Tax Act, 1961 over reports that claimed a mandatory tax clearance was needed before leaving the country.  Responding to the reports, which created a significant stir, the CBDT said Section 230 does not mandate every individual domiciled in … Read more