https://www.taxtmi.com/circulars?id=9779 Remittance of royalty or fees for technical services to a foreign company under an approved agreement may proceed without a No Objection Certificate if tax is deducted at the specified rate and paid to an authorised public sector bank acting as a designated bank. The remitter must submit a prescribed form certified by a Chartered Accountant and the Income-tax challan; the designated bank will forward a certificate of payment to the Reserve Bank of India, which will then permit the remittance. Other payment types or claims of a lower tax rate require an NOC. en-us Fri, 14 Oct 1988 00:00:00 +0530 Wed, 08 Jun 2011 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9779 Remittance of royalty or fees for technical services to a foreign company under an approved agreement may proceed without a No Objection Certificate if tax is deducted at the specified rate and paid to an authorised public sector bank acting as a designated bank. The remitter must submit a prescribed form certified by a Chartered Accountant and the Income-tax challan; the designated bank will forward a certificate of payment to the Reserve Bank of India, which will then permit the remittance. Other payment types or claims of a lower tax rate require an NOC. Circulars Income Tax Fri, 14 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9779