Repatriating Property Sale Proceeds: Bank and Tax Checks
Check the eligible remittance route, bank evidence and current tax forms before transferring Indian property sale proceeds abroad.
Choose the eligible remittance route
The RBI permits authorised dealers to remit eligible NRO balances, asset-sale proceeds and inherited assets up to USD 1 million per financial year under the remittance-of-assets route, subject to documentary evidence and applicable Indian taxes. Instalments under this route must use the same authorised dealer. Amounts above the limit require RBI approval.
NRE funding does not remove property checks
Ask the authorised dealer to confirm the property-specific FEMA conditions, acquisition funding evidence and amount eligible for repatriation. Do not assume that every rupee of a property sale becomes freely repatriable merely because the purchase used NRE or FCNR funds.
Use the forms for the remittance date
For remittances from 1 April 2026, Forms 145 and 146 replace the earlier Forms 15CA and 15CB. The information form and Chartered Accountant certificate depend on the applicable category and exemptions. A qualifying Assessing Officer certificate permits Part B of Form 145 without Form 146; both forms are not mandatory in every case.
Prepare the bank file
Provide the sale and acquisition records, source-of-funds evidence, bank statements and tax documents requested for your route. For inheritance, include the relevant succession evidence. Have your bank and Chartered Accountant confirm the required current forms before remitting.
Sources checked 8 October 2026: RBI remittance-of-assets direction · Official remittance forms transition guidance
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FAQs
What is the USD 1 million route?
It covers eligible NRO balances and asset proceeds per financial year, subject to RBI conditions, evidence and applicable taxes.
Are both remittance tax forms always mandatory?
No. Requirements depend on the remittance category and exemptions; the AO-certificate route can remove the need for a CA certificate.
Which forms apply from April 2026?
Forms 145 and 146 replace the earlier Forms 15CA and 15CB for remittances from 1 April 2026.
General information. Ask your bank and Chartered Accountant to confirm the rules for your transaction.
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