Budget 2024: Govt mulls stringent norms for clearance certificate needed for residents leaving India

Budget 2024: Govt mulls stringent norms for clearance certificate needed for residents leaving India

Budget 2024: Finance Minister Nirmala Sitharaman has introduced more stringent rules for obtaining clearance certificates required for residents leaving India. Starting October 1, residents of India will need a clearance certificate confirming compliance with the Black Money Act for leaving India. As per section 230 of the Income-tax (I-T) Act, any individual residing in India … Read more