Tax compliance for outward remittances governs Form 15CA/15CB requirements; banks must follow applicable tax-law procedures. Whether Forms 15CA and 15CB are required for outward remittances depends on tax-law obligations because Reserve Bank will not issue instructions under FEMA regarding the procedure for deduction of tax at source, and it is mandatory on Authorized Dealers to comply with applicable tax-law requirements when processing remittances to non-residents.
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Provisions expressly mentioned in the judgment/order text.
Tax compliance for outward remittances governs Form 15CA/15CB requirements; banks must follow applicable tax-law procedures.
Whether Forms 15CA and 15CB are required for outward remittances depends on tax-law obligations because Reserve Bank will not issue instructions under FEMA regarding the procedure for deduction of tax at source, and it is mandatory on Authorized Dealers to comply with applicable tax-law requirements when processing remittances to non-residents.
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