(a) Remittance of Current Income by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) – No Objection Certificate (b) Repatriation of NRNR Deposits

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.... RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.26 September 28, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, (a) Remittance of Current Income by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) - No Objection Certificate (b) Repatriation of NRNR Deposits Attention of Authorised De....

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.... Account and have no taxable income in India need not submit a Chartered Accountant's certificate for remitting their current income like dividend, rent, pension, interest etc. In such cases Authorised Dealers may obtain a simple declaration, in duplicate, from the NRIs/PIOs to the effect that he/she is not a tax payer in India. The Authorised Dealer may retain such declaration with them for futur....

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.... Circular No. 5 dated July 15, 2002, requirement of submission of income-tax declaration/ Chartered Accountant's certificate stating that the income-tax thereon has been deducted /paid/provided for, is applicable. In case NRIs/PIOs have no taxable income in India, the procedure indicated in paragraph No.2 above may be followed. Maturity proceeds of NRNR Deposits 5. Authorised Dealers may als....