| ABOLITION
OF TAX CLEARANCE CERTIFICATES FOR PERSONS LEAVING INDIA
AND THOSE OBTAINING COMMERCIAL CONTRACTS (ITCC) |
| The
Central Board of Direct Taxes, New Delhi vide Notification
No.153/191/2002-TPL dated 13.2.2003 has abolished the
scheme of obtaining Income Tax Clearance Certificate (ITCC)
applicable to persons leaving India and those obtaining
commercial contracts with effect from 1st January, 2003. |
| The
abstract of the above notification is as follows :. |
| (a)
there shall be no requirement of furnishing Income Tax
Clearance Certificate by the persons before leaving India;
and |
| (b)
no Income Tax Clearance Certificate shall be required
to be furnished by any person while filing a tender for
the purpose of obtaining commercial contracts, etc. |
| Accordingly,
henceforth, no person leaving India by land, sea or air
will be required to obtain a tax clearance certificate
and furnish the same to the airlines, etc. except in cases
of persons concerning whom the Income-tax Authorities
specifically notify the immigration/customs authorities
asking that such persons should not be allowed to leave
India without obtaining Income Tax Clearance Certificate. |
|
| Similarly,
contractors shall not be required to get Income Tax Clearance
Certificate from the Income Tax Department as there will
be no need to furnish such certificate while submitting
tenders to Government Departments. |
|
