CBDT Circular No. 759, dated November 18, 1997, on the Subject remittance to a non-resident—Deduction of tax at source—Submission of no objection certificate--Dispensing with--Clarification reg

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....tax at source—Submission of no objection certificate--Dispensing with--Clarification reg Circular No. 767 Dated 22/5/1998 To All the Chief Commissioners of Income-tax, Directors-General of Income-tax. Sir, Subject: CBDT Circular No. 759, dated November 18, 1997, on the Subject remittance to a non-resident—Deduction of tax at source—Submission of no objection certificate-....

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.... in the form annexed to the said circular. The person making the remittance had to submit the undertaking along with the said certificate of the accountant to the Reserve Bank of India, who would, in turn, forward a copy thereof to the Assessing Officer. 2. A number of references have been received by the Board stating that the Reserve Bank of India had delegated powers to authorised dealers to....

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....authorised dealers in foreign exchange. 3. In accordance with Circular No. 759, [1997] 228 ITR (St.) 146, the undertaking to be submitted by the person making the remittance to a non-resident is required to be signed by the person authorised to sign the return of income of the person making the payment. The person authorised to sign a return of income in the case of a company, in accordance wit....