Single owner, sale under USD 1M
Standard Form 145/146 (formerly 15CA/15CB) with NRO routing.
Property · Repatriation
Repatriation of Sale Proceeds — The USD 1M Limit and the Form 145/146 (formerly 15CA/15CB) Stack
How to move sale proceeds from your NRO account to your foreign bank within the USD 1M per FY framework, and how to split larger estates across years and owners.
How to move sale proceeds from your NRO account to your foreign bank within the USD 1M per FY framework, and how to split larger estates across years and owners.
Last reviewed: June 2026 · Updated for AY 2026-27
Why this matters
The stakes, plainly.
The CA signs Form 146 (formerly 15CB) only against a clean source trail. The cleanest sales prepare the documentation stack alongside the sale, not after the buyer wires.
Common situations
Where this usually comes up.
Joint ownership
Each owner has their own USD 1M cap — splitting cleanly accelerates total repatriation.
Estate above USD 2M
Split across FY boundary (March-April timing) plus across spouses.
What goes wrong
Expensive mistakes we keep cleaning up.
Missing TDS challan or sale deed
CA cannot sign Form 146 (formerly 15CB); remittance bounces.
Wrong purpose code
RBI returns the wire; bank takes weeks to refile.
Year-end timing collision
Wires submitted late March may straddle FYs and count against next year's cap.
What we cover
The engagement, in writing.
- 01Source documentation pack for Form 146 (formerly 15CB) sign-off
- 02Form 145 (formerly 15CA) online filing
- 03Bank coordination for outward wire mechanics
- 04Splitting across joint owners and FY boundary
- 05Reconciliation between bank, AD and Indian return
Reviewed by Regi Tom Antony, FCA, who leads NRI property sale services at Regi Tom Antony & Associates: 350+ NRI property transactions in the last 10 years, covering capital gains planning, lower TDS certificates, sale agreements and repatriation.
Common questions
Answered, candidly.
- Does inherited property count against USD 1M?
- Yes — same cap applies.
- Can I exceed USD 1M with RBI approval?
- Possible for specific cases, requires Form A2 plus AD bank backing. Usually slower than splitting across FYs.
- What documents does the CA need?
- Sale deed, TDS challan, capital gains computation, source-of-funds trail and bank statements.
Authored authority
The frameworks on this page are drawn from NRI Tax Blueprint 2025 — written by Regi Tom Antony, FCA, the practicing CA who advises on the same problems every week.
On the record
What clients say after the plan ships.
“Regi mapped out the RNOR window before I moved and saved us nearly two years of needless India tax on our US brokerage. The plan was written, dated, and exactly what I needed.”
Recovered USD 38k in pre-empted tax via RNOR sequencing.
Figures reflect aggregate RTA & Associates client engagements, 1997–2025; individual outcomes vary.
Anand R.
Tech founder, returning from California
USA → India
“We sold our Bengaluru flat from Dubai. The Section 197 lower-deduction certificate alone freed up ₹42 lakh of working capital while the sale closed. No other CA we spoke to even raised it.”
TDS reduced from 14.95% to 4.1% via Form 13.
Figures reflect aggregate RTA & Associates client engagements, 1997–2025; individual outcomes vary.
Farah K.
Investment banker, Dubai
UAE → India
“Clear, direct, on the record. Regi told us what would and wouldn't work — and exactly what the next filing was. No upsell, no fog.”
Priya & Mahesh S.
Doctors, NHS, planning return
UK → India
Powered by the wider practice
- RTA & Associates· Chartered Accountants
- NRI Tax Blueprint· Authored playbooks
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