Circulars

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

Kolaso is a design studio founded in London and expanded our services, and offering solutions Worldwide.