Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The existing provisions of section 230(1A) of the Income-tax Act, 1961, require obtaining a tax clearance certificate from income-tax authorities before leaving India, confirming no outstanding liabilities under specified Acts. To include liabilities under the Black Money Act, 2015, it is proposed to insert a reference to the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 in section 230(1A) for obtaining the tax clearance certificate. This amendment will take effect from October 1, 2024.
The existing provisions of section 230(1A) of the Income-tax Act, 1961, require obtaining a tax clearance certificate from income-tax authorities before leaving India, confirming no outstanding liabilities under specified Acts. To include liabilities under the Black Money Act, 2015, it is proposed to insert a reference to the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 in section 230(1A) for obtaining the tax clearance certificate. This amendment will take effect from October 1, 2024.
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