TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Circular 759: Simplified Remittance to Non-Residents u/s 195, No NOC Required, Submit Accountant's Certificate Instead.</h1> Circular 759, dated November 18, 1997, addresses the procedure for remittance to non-residents under Section 195 of the Income-tax Act, 1961. It states that tax must be deducted at source on payments to non-residents. Previously, a No Objection Certificate from the Income-tax Department was required for such remittances. The circular now allows remittances without this certificate, provided the remitter submits an undertaking and a certificate from an accountant to the Reserve Bank of India. This documentation is forwarded to the Assessing Officer. The circular directs tax officers to be informed of this change.
TaxTMI 
