Tax clearance will have to be taken

In the last few years, the number of people leaving Indian citizenship and settling in other countries has increased. Among them, there are some people whose image is questionable. They take the path of leaving the country to avoid tax liability or legal process.

This is the reason why Finance Minister Nirmala Sitharaman announced in Budget 2024 that if any Indian wants to settle abroad, he will first have to finish his tax liability in India. Also, 'clearance' has to be taken from the Income Tax Department.

ITCC was implemented in 2003. At that time it was necessary to get this clearance only for a few people, mostly in rare cases. The Finance Ministry had also issued a clarification in this matter.

If a person is involved in serious financial irregularities and his presence is necessary for investigation.

If he has tax dues of more than Rs 10 lakh, which has not been stopped by any authority.

In these cases also, ITCC can be demanded only after taking approval from senior officials.