https://www.taxtmi.com/circulars?id=2884 Remitters may make payments to non-residents without an income-tax No Objection Certificate if they submit an undertaking to the Assessing Officer and a certificate from an independent accountant certifying the nature, amount and correct rate of tax deduction; authorised dealers or the RBI will forward copies to the Assessing Officer and retain copies for audit. The remitter remains liable to pay any shortfall of tax with interest and is subject to penalties or prosecution for defaults. Revised proformas require detailed particulars and legal basis for the rate of deduction, including treaty considerations and permanent establishment issues. en-us Wed, 09 Oct 2002 00:00:00 +0530 Mon, 11 Aug 2008 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2884 Remitters may make payments to non-residents without an income-tax No Objection Certificate if they submit an undertaking to the Assessing Officer and a certificate from an independent accountant certifying the nature, amount and correct rate of tax deduction; authorised dealers or the RBI will forward copies to the Assessing Officer and retain copies for audit. The remitter remains liable to pay any shortfall of tax with interest and is subject to penalties or prosecution for defaults. Revised proformas require detailed particulars and legal basis for the rate of deduction, including treaty considerations and permanent establishment issues. Circulars Income Tax Wed, 09 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2884