Section 195 of the Income-Tax Act, 1961, provides that any person responsible for paying to a non-resident any sum chargeable to tax under the Act shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by cheque or draft or any other mode, whichever is earlier, deduct income-tax therein at the rates in force.
The Reserve Bank of India has in its office manual provided that no remittance shall be allowed unless a
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