Cir No. 20 / I-9 / 2024
| Cir No. 20 / I-9 / 2024 | 23rd August 2024 |
TO ALL MEMBERS OF THE ASSOCIATION
Dear Sir,
We have been receiving queries from Members pertaining to the Issue in connection with Obtaining a Tax Clearance Certificate for Indians travelling Overseas in view of the Amendments Proposed in Finance ( No 2) Act 2024.
We have received a Clarification on the same from IMC Chamber of Commerce & Industry which is appended below alongwith a Press Release issued by Central Bureau of Direct Taxes ( CBDT ) Ministry of Finance, Govt of India ( Copy enclosed ) which clearly states that the Amendments of Section 230 of the Income Tax act mandates only certain categories of citizens (specified in the Press Release) to obtain a Tax Clearance Certificate
You are requested to kindly make a note of the same.
Thanking you,
P. Chandrasekharan
Senior Director & Secretary
