July 28, 2024 5:42 PM

Tax clearance certificate to fly abroad not mandatory for all, govt clarifies

The Indian government has issued a clarification regarding recent misleading reports about mandatory tax clearance for individuals traveling abroad. The Central Board of Direct Taxes (CBDT) said on Sunday that not every person is required to obtain a tax clearance certificate under section 230 of the Income-tax Act, 1961. This clarification comes in response to concerns raised after the Budget 2024-25, presented by Finance Minister Nirmala Sitharaman on July 23, proposed including the Black Mo...