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Tag: preventing tax evasion

Taxation and Auditing

30-07-2024

Understanding the New Tax Clearance Certificate Requirement for Indians Travelling Abroad

New government laws need a tax clearing certificate from October 1, 2024. Understand the ramifications of the harsher exit norms, including amendments to the Black Money Act. Ensure a hassle-free travel by remaining informed. Starting from 1 October 2024, the Government of India has introduced new regulations requiring all Indian citizens to obtain a Tax Clearance Certificate (TCC) before leaving the country. This measure aims to ensure compliance with tax obligations and prevent tax evasion.