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Form 30b Income Tax

Form 30b Income Tax

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Instructions and help about Form 30b Income Tax

recently an NRI has reached out to me saying I'm leaving India for a project assignment and I have heard that I need to obtain an income tax clearance certificate before leaving India some reputed websites like clear tax and grow have created a lot of confusion with their blogs in this video I will clear out the air on what is income tax clearance certificate who needs to apply for it is it even mandatory for NRI the central Board of direct access that is cbdt has issued a clarification over reports that claimed a mandatory tax clearance was needed before you are leaving the country first of all let me say it out loud that income tax clearance certificate isn't applicable for most of the nris now let's discuss exactly what has happened in budget 2024 government has introduced the finance bill in which clause 7 seeks to amend section 230 to include references to Black money act 2015 this amendment is set to take effect from 1st of October 2024 as per Amendment it

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