Tax clearance certificate not needed for all

Quick Summary:

The finance ministry clarified that amendments to the Black Money Act would not require all residents traveling overseas to obtain a tax clearance certificate.

Only those facing investigations or with tax arrears over Rs 10 lakh would need such certification, issued by senior officials, as per Section 230 of the Income-tax Act.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: India

Topics: Business news Black money act Tax clearance certificate Finance ministry Amendments Overseas Residents

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 08:04:10 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21815261

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 15 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #28

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