Not all citizens need I-T clearance certificate for going abroad: CBDT
Chandigarh, August 20
The Central Board of Direct Taxes (CBDT) has clarified that the recent amendment to Section 230(1A) of the Income Tax Act, 1961, does not require all Indian citizens to obtain an income tax clearance certificate (ITCC) for travelling abroad.
According to the CBDT, ITCC is needed where the person is involved in serious financial irregularities and his presence is necessary in investigation of cases under the I-T Act or the Wealth-tax Act, and it is likely that a tax demand will be raised against him, or where the person has direct tax arrears exceeding Rs 10 lakh outstanding against him.
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