Form 15CB BSR CODE DETAIL


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This discussion addresses a common query regarding Form 15CB when the remittee bank is in London, but the funds originate from India. Even though the London branch may not have a BSR code, the advice is to use the BSR code of the Indian bank from which the foreign currency was purchased. This is crucial as the remittance is considered to be indirectly from India, making Form 15CA and 15CB filing, along with TDS, applicable.

14 March 2023 While filing form 15CB remitter bank detail is required, in our case the bank branch is in London, so no BSR Code is available then what to do to file form 15CB.

14 March 2023 Remitter bank is in India. It's only the remittee bank is in London.

14 March 2023 No sir,

we are holding bank account with Canara bank London branch. We want to pay (fees) in USD to our client.

14 March 2023 No need for 15CB in such a case as remittance is not made from India.

15 March 2023 Sir,

We have contract with foreign company to pay technical fees, first we fund our canara bank london from India by purchasing USD then we pay the fees from our canara bank in USD.

As the payment is going indirectly from India so we are suggested by Auditor to file Form 15CA and 15CB and TDS is also applicable @10.92%.

15 March 2023 In such a case give BSR code of the bank you purchased the foreign currency.


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