Remittances to non-residents under section 195 of the Income
vishwanath
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Section 195 of the Income-tax Act, 1961 mandates deduction of income tax from
payments made or credit given to non-residents at the rates in force. The Reserve Bank of
India has also mandated that except in the case of certain personal remittances which have
been specifically exempted, no remittance shall be made to a non-resident unless a no
objection certificate has been obtained from the Income Tax Department. #pdf
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