NRI Repatriation Advisory – Remit Your India Funds Correctly and Completely
Repatriation refers to the process of sending money earned or accumulated in India to your bank account in your country of residence. For NRIs, different types of funds have different repatriation rules under FEMA (Foreign Exchange Management Act) and RBI regulations. Using the wrong account, exceeding limits or not completing the required documentation can result in delays, blocked transfers or regulatory scrutiny.
At OakRise Fincorp, we guide NRIs in Ahmedabad and across India on the repatriation process for different types of funds – property sale proceeds, rental income, NRO account balances, mutual fund redemptions and other India-sourced income. We ensure the transfer is completed within RBI regulations with all required documentation in place.
Repatriation Advisory Services
NRO Account Repatriation
NRIs can repatriate up to USD 1 million per financial year from their NRO account, subject to payment of applicable taxes. We guide on the required CA certificate (Form 15CA/15CB), documentation and bank process.
Property Sale Proceeds Repatriation
Guiding on the repatriation of residential and commercial property sale proceeds – limited to the original purchase price (capital remittance) plus declared profits after tax. Form 15CA/15CB and CA certification required.
Form 15CA and 15CB Assistance
Form 15CA (online declaration by the remitter) and Form 15CB (CA certificate certifying that taxes have been paid/withheld on the remittance) are mandatory for most international remittances from India above ₹5 lakh. We coordinate the complete preparation and filing process.
NRE Account Repatriation
NRE account funds (including fixed deposit proceeds) are freely repatriable at any time without RBI permission or Form 15CA/CB requirement. We advise on timing and tax implications of liquidating NRE investments.
Mutual Fund and Investment Redemption
Guidance on repatriating mutual fund redemption proceeds – NRE-funded investments are freely repatriable, NRO-funded investments fall under the USD 1 million annual limit with Form 15CA/CB requirement.
FEMA Compliance Review
Reviewing your India financial activities for FEMA compliance – correct account usage, proper documentation for transfers, reporting requirements for overseas assets and investments above specified thresholds.
Frequently Asked Questions
How much money can an NRI send from India to abroad per year?
From an NRO account, NRIs can repatriate up to USD 1 million (approximately ₹8-8.5 crore) per financial year after paying applicable taxes. NRE account funds are freely repatriable without any annual limit. There is no upper limit on repatriation of NRE funds.
What is Form 15CA and 15CB?
Form 15CA is an online declaration filed by the person making a foreign remittance. Form 15CB is a certificate from a Chartered Accountant certifying that applicable taxes have been deducted/paid on the amount being remitted. Both are required by banks before processing international transfers above ₹5 lakh. We coordinate the complete preparation of these documents.
Can I repatriate the full sale proceeds of a property sold in India?
You can repatriate: (1) the original purchase price of the property (capital remittance, limited to the amount originally remitted from abroad to purchase), and (2) the net capital gain after paying Indian capital gains tax. The total repatriation is limited to 2 properties per lifetime under the capital account repatriation rules. We calculate the exact repatriable amount for your specific transaction.
Do I need to visit India to complete the repatriation?
No. The process can be handled through your Indian bank, with us preparing the Form 15CA/CB and CA certificate remotely. You will need to provide income tax clearance (if the amount exceeds ₹10 lakh), which we obtain as part of the ITR filing process. The bank then processes the transfer to your overseas account.
What are the tax implications of repatriation?
Repatriation itself does not create additional tax liability – taxes (if any) must be paid in India before or at the time of repatriation. Capital gains tax on property sale, TDS on NRO interest and income tax on rental income must be paid/withheld before the funds are eligible for repatriation. We calculate and manage the complete tax compliance before processing.