01
The cap
USD 1M per NRI per financial year from NRO. Applies to sale proceeds, inherited assets and current income above the standard repatriable categories.
Repatriating Indian sale proceeds starts with lawful ownership, the acquisition trail and settlement of the applicable Indian tax. The bank then reviews the permitted remittance route and supporting documents. Separate current income from asset proceeds and inherited funds, and reconcile the NRO balance with the underlying transactions before asking for an outward transfer.
Last reviewed: · Reviewed by Regi Tom Antony, FCA · NRI property sale services
USD 1M per NRI per financial year from NRO. Applies to sale proceeds, inherited assets and current income above the standard repatriable categories.
Joint owners each get their own cap. Larger estates split across two financial years (March-April timing) and across spouses.
Form 145 (formerly 15CA) (online declaration) + Form 146 (formerly 15CB) (CA certificate). CA signs only against a clean source trail — sale deed, TDS challan, capital gains computation.
A 15-minute NRI Tax Discovery Call to scope your situation and the right next step.
This guide is general information published by RTA & Associates. It is not tax, legal, financial or investment advice, and it does not create a client relationship. It does not take account of your personal circumstances, and you should not act or refrain from acting on the basis of anything here.
Cross-border outcomes turn on the specific facts — your day-counts, the timing of your move, the wrappers you hold and the treaty position between the two countries. A small change in any of those can change the answer completely.
References to the law, rules or practice of countries other than India are included for general orientation only. They are not advice on the law of that country, and they should be confirmed with a qualified adviser in that jurisdiction before you act.
Tax law, exchange-control rules and treaty positions change, and they change often. This page reflects our understanding as at the date shown above. We do not undertake to update it.
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