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of <h1>Revised Tax Deduction Procedures for Non-Resident Remittances Effective October 2013; RBI Clarifies Role Under FEMA.</h1> The circular addresses the procedure for deducting tax at source on remittances to non-residents. It highlights the revised instructions by the Central Board of Direct Taxes, effective from October 1, 2013, under the Income Tax (14th Amendment) Rules, 2013. The Reserve Bank of India clarifies that it will not issue instructions under the Foreign Exchange Management Act regarding tax issues, mandating Authorized Dealers to comply with applicable tax laws. Authorized Dealers are advised to inform their constituents and seek clarification from the CBDT if needed. The circular is issued under specific sections of FEMA, 1999.
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