NEW DELHI: The finance ministry on Sunday stated proposed amendments to the Black Cash Act don’t require all of the residents travelling abroad to acquire a tax clearance certificates.
It’s only for these, who’re dealing with probe or have massive tax arrears. Part 230 of the Earnings-tax Act, mandates that these individuals concerned in severe monetary irregularities and whose presence is required for investigations, or these with tax arrears in extra of Rs 10 lakh should acquire a tax clearance certificates to journey abroad.This certificates is required to be issued by senior officers for claims and probes associated to I-T.
It’s only for these, who’re dealing with probe or have massive tax arrears. Part 230 of the Earnings-tax Act, mandates that these individuals concerned in severe monetary irregularities and whose presence is required for investigations, or these with tax arrears in extra of Rs 10 lakh should acquire a tax clearance certificates to journey abroad.This certificates is required to be issued by senior officers for claims and probes associated to I-T.
