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January 2015

A. P. (DIR Series) Circular No. 43 dated 2nd December, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Notification No. FEMA. 324/2014-RB dated 31st October, 2014 Remittance of Assets – Submission of Auditor’s certificate

This circular reiterates that RBI will not issue any instructions under the FEMA, 1999 with respect to submition of certificates on tax payments. Banks will have to comply with the instructions issued by CBDT with respect to requirements under the tax laws, as applicable.

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