(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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....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 Dealers is invited to A.P. (DIR Series) Circular No. 45 dated....

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....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 future reference from Income Tax Authorities, if any. Crediting o....

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....ncome-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 also refer to A.P.(DIR Series) Circular No.28 dated March 4, 2002 in terms....