Tax clearance certificate- Section 420 (New) / Section 230 (Old)

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....hing prescribed particulars before leaving India in specified circumstances. It covers both persons not domiciled in India and persons domiciled in India. Section 420(1) - Persons Not Domiciled in India Subject to notified exceptions, a person who- • is not domiciled in India; • has come to India in connection with business, profession or employment; and ....

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....bject to notified exceptions, every person domiciled in India at the time of departure shall furnish- • the Permanent Account Number (PAN); • the purpose of his visit outside India; and • the estimated period of his stay outside India, to the prescribed income-tax or other authority in Form No. 156. Section 420(4) - Persons not Having PAN Where....

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....for Requiring Certificate An income-tax authority shall not require a person domiciled in India to obtain a certificate under this section unless- • the reasons for requiring the certificate are recorded; and • prior approval of the Principal Chief Commissioner or Chief Commissioner is obtained. Section 420(7) - Liability of Owner or Charterer Where the owner....