Repatriation of Assets
Repatriation of Assets from India – NRI/PIO Transfers Made Simple
End-to-End FEMA & Tax Compliant Repatriation Services by Classic Partner
At Classic Partner, we specialize in assisting Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) with the repatriation of funds from India—whether transferring money from an NRO account to an NRE account or directly to an overseas bank account.
Our Chartered Accountants handle documentation, taxation, and bank coordination under the Foreign Exchange Management Act (FEMA) and the Income Tax Act, 1961, ensuring your funds are repatriated legally, quickly, and without stress.
What Is Repatriation?
Repatriation is the legal transfer of income or assets from India to abroad. It can include:
Moving funds from an NRO account to an NRE account
Remitting money to an overseas bank account
This process is essential for NRIs/PIOs who wish to transfer rental income, dividends, capital gains, or inherited funds outside India.
Common Sources of Repatriable Funds
You can repatriate money that comes from:
Assets held before becoming an NRI
Inherited property, deposits, or investments
Income from Indian assets (rent, interest, dividends, capital gains)
Sale proceeds of property or investments in India
How Much Can You Repatriate?
| Type of Asset/Income | Limit | Notes |
|---|---|---|
| Current Income (rent, dividends, interest, salary) | No Limit | Tax must be paid, proof required |
| Sale proceeds of property purchased in foreign currency (via NRE/FCNR/inward remittances) | Fully repatriable | Max 2 residential properties |
| Sale proceeds of property purchased in INR or inherited | USD 1 million per FY | Under FEMA’s USD 1 million scheme |
| Sale of other assets (mutual funds, shares, FDs) | USD 1 million per FY | Tax compliance mandatory |
Documents Required for Repatriation
To remit funds abroad or to an NRE account, banks typically require:
Form 15CA – Undertaking by NRI (filed online)
Form 15CB with UDIN – Chartered Accountant’s certificate confirming tax payment
Form A2 & Outward Remittance Form – For foreign transfers from NRO account
FEMA Declaration & Transfer Request Form – For NRO to NRE transfers
Supporting bank-specific KYC documents
Classic Partner provides complete assistance with 15CA/15CB filing, ensuring your repatriation is error-free and on time.
Important FEMA Guidelines
All repatriations must be tax compliant (income/capital gains taxes paid).
Transfers between two NRO accounts are not repatriable unless representing genuine income.
Unused annual repatriation limits cannot be carried forward.
Only one Authorized Dealer Bank can be used for repatriation in a financial year.
Gifts from resident relatives (up to USD 250,000/year) can be repatriated, subject to LRS rules.
Funds in NRE/FCNR accounts are fully repatriable without limits.
How Classic Partner Helps NRIs & PIOs
Our dedicated NRI services team ensures smooth and compliant transfers. We assist with:
End-to-end NRO to NRE repatriation
15CA/15CB certification with UDIN
Tax computation on rental income, dividends, or capital gains
Document preparation, bank liaison, and FEMA compliance
RBI special approval applications (for > USD 1 million)
Full advisory on FEMA, Income Tax, and repatriation rules
Repatriate Your Assets Safely with Classic Partner
Don’t let compliance or paperwork delays stop you from accessing your funds abroad. With Classic Partner, you get professional, transparent, and hassle-free repatriation services backed by expert Chartered Accountants.
Contact Classic Partner today for FEMA-compliant repatriation and tax advisory services.
