black money act Archives

You May Need To Revise ITR Before December 31: CBDT Begins 2nd NUDGE For Foreign Asset Compliance

DainikNews Live Admin5 months ago09 mins

Last Updated:November 27, 2025, 3:58 PM IST The income tax department will send SMS and email advisories asking some taxpayers to voluntarily review their foreign assets and revise their ITRs by December 31, 2025. The CBDT stressed that transparent disclosure of foreign assets is mandatory, and non-reporting can attract severe penal action. Taxpayers who may…

Tax Clearance Certificate To Fly Abroad: Not Mandatory For All, Govt Clarifies Who Needs It Under Black Money Act – News18

DainikNews Live Admin2 years ago06 mins

As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax clearance certificate. (Representative image) The Budget 2024 proposed to include a reference of the Black Money Act, 2015 to obtain a tax clearance certificate. The Central Board of Direct Taxes (CBDT) has clarified Section 230 of the…