India: Guidance regarding requirement to obtain tax clearance certificate
Persons domiciled in India required to obtain tax clearance certificate (TCC) upon departure from India only in specified circumstances
The Central Board of Direct Taxes (CBDT) on August 20, 2024, issued a press release clarifying that persons domiciled in India are required to obtain a tax clearance certificate (TCC) upon departure from India only in specified circumstances, and the amendment under the Finance (No.2) Act, 2024 to include a reference to the Black Money Act does not mean that such persons must obtain a TCC in all cases.
Read an August 2024 report prepared by the KPMG member firm in India