Repatriating property sale proceeds
NRIs can repatriate property sale proceeds abroad. If you bought the property with NRE/FCNR funds, sale proceeds for up to two residential properties can be repatriated. Funds routed through an NRO account can be repatriated up to USD 1 million per financial year, supported by a chartered accountant's Form 15CA/15CB certification.
The USD 1 million rule
Beyond the NRE-funded route, NRIs can remit up to USD 1 million per financial year from their NRO account — this ceiling covers sale proceeds, rental income and other current/ capital account balances combined.
NRE-funded vs NRO-funded purchases
- Bought with NRE/FCNR funds: proceeds for up to two residential properties are freely repatriable
- Bought with NRO funds or rupee resources: repatriation is via the USD 1 million/FY window
- Rental income (post-tax) is repatriable through the NRO route
Documentation
Repatriation requires Form 15CA (a declaration you file) and Form 15CB (a CA's certificate confirming taxes have been paid), plus the sale deed and bank documents. Property Point's NRI desk coordinates this end to end and connects you with vetted chartered accountants and lenders — book a call and we'll handle the paperwork across time zones.
Frequently asked
This guide is general information, not legal or tax advice. FEMA and tax rules change with each Union Budget — please confirm specifics with a qualified chartered accountant. Property Point's NRI desk connects you with vetted professionals.
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