Do You Need To Obtain A Tax Clearance Notice Before Leaving The Country | Paisa Live

Under Section 230 of the Income Tax Act 1961, taxpayers are required to obtain and submit a Tax Clearance Notice before leaving the country. This notice confirms that there are no outstanding dues under the Income Tax Act, Wealth Tax Act 1957, Gift Tax Act 1958, Expenditure Tax Act 1987, or the Black Money Act 2015. It serves as an official declaration that the individual has cleared all their tax liabilities and is in compliance with the relevant tax laws. Securing this clearance is crucial for ensuring there are no legal or financial issues pending before departing from the country. To know the complete story check out the full video.