The Classic Partners LLP
Repatriation of Assets for NRIs
Legally transfer your Indian funds, property sale proceeds, inheritance, and investments abroad. We handle the entire repatriation process — Form 15CA/15CB, banking documentation, and RBI/FEMA compliance.
Repatriate Your FundsWhat is Repatriation of Assets?
Repatriation means transferring money or sale proceeds of Indian assets from India to your overseas account in foreign currency. The rules differ by account type and asset source, and are governed by FEMA and RBI directions, with tax clearance certified by a Chartered Accountant.
Repatriation Limits and Routes
- NRE account funds — freely and fully repatriable, principal and interest, with no limit.
- FCNR (B) deposits — fully repatriable on maturity in the deposit currency.
- NRO account funds — repatriable up to USD 1 million per financial year (covering all current income, sale proceeds, and inheritances) after taxes are paid.
- Property sale proceeds — routed through the NRO account within the USD 1 million limit; sale of up to two residential properties qualifies. Capital gains tax must be settled first.
- Inherited assets and gifts — repatriable through the NRO route with proof of inheritance and tax compliance; see also estate planning.
Form 15CA / 15CB Certification
Most repatriations require Form 15CA (online declaration by the remitter) and Form 15CB (a Chartered Accountant's certificate confirming the nature of the remittance and that applicable taxes have been deducted or paid). Banks will not process the transfer without correct certification — and incorrect certification is a common cause of frozen remittances.
We prepare both forms, compute any tax on the underlying income (rent, capital gains, interest), apply DTAA relief where available, and coordinate with your bank until the funds reach your overseas account.
Our Repatriation Services
Eligibility & Limit Check
Mapping each fund source to the correct repatriation route and limit.
Tax Clearance
Capital gains and income computation with treaty relief before remitting.
Form 15CA/15CB
CA certification and online filing accepted by all major banks.
Property Sale Proceeds
TDS reconciliation, refund claims, and staged remittance planning.
Inheritance Repatriation
Documentation of succession and source of funds for the bank.
RBI Approvals
Applications for remittances beyond the USD 1 million ceiling.
Frequently Asked Questions
How much can an NRI repatriate from an NRO account?
Up to USD 1 million per financial year from NRO balances, covering current income, sale proceeds of assets, and inheritances, subject to payment of applicable Indian taxes and Form 15CA/15CB certification.
Are NRE account funds freely repatriable?
Yes. Both principal and interest in an NRE account are fully and freely repatriable without any monetary limit, since the funds originated from foreign exchange.
Can NRIs repatriate property sale proceeds from India?
Yes. After paying capital gains tax, sale proceeds are credited to the NRO account and repatriated within the USD 1 million per year limit; for residential property, repatriation is restricted to sale of up to two properties.
What are Form 15CA and Form 15CB?
Form 15CA is the remitter's online declaration of a foreign remittance, and Form 15CB is a Chartered Accountant's certificate confirming the nature of the payment and tax compliance; banks require them before processing most repatriations.
Can more than USD 1 million be repatriated in a year?
Amounts beyond USD 1 million per financial year from NRO sources require specific RBI approval, which we help prepare and file with supporting documentation.
Want your Indian funds in your overseas account?
We handle the tax clearance, 15CA/15CB certification, and bank coordination end to end.
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