Repatriation and Remittance
Transactions involving repatriation and remittance of funds out of and into India is a subject matter that is governed by the Foreign Exchange Management Act, 1999 (FEMA) read with Reserve Bank of India (RBI) directives. In this regard, the RBI has delegated powers, to 'Authorised Dealers' (AD) of foreign exchange, being banks and/or financial institutions, to process applications and effect repatriation of funds from India.
Guidelines governing repatriation for Non-Resident Indians (NRI's), Overseas Citizens of India (OCI's) & Persons of Indian Origin (PIO)
Repatriation of proceeds from sale of property in India
NRI's, OCI's & PIO's may repatriate outside India, the sale proceeds from residential property provided:
Our services in this area include
- Analyzing Permissibility: We assess the permissibility of fund repatriation or remittance based on applicable regulations.
- Advising on Limits and Conditions: We provide guidance on the prevailing limits or conditions, if any, regarding repatriation of funds.
- CA Certificate (Form 15CB): We provide the necessary CA certificate (Form 15CB) required for repatriating funds out of India.
- Assisting with Self-Declaration (Form 15CA): We assist you in the submission of the self-declaration (Form 15CA) required for the repatriation process.
Trust Nobilis NRI Taxation to navigate the complexities of repatriation and remittance, ensuring compliance with the guidelines and making the process seamless for you. Contact us today for expert assistance in repatriating funds from the sale of property in India.
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Thank you all for your patience with the bank’s queries and for continually following this up with them to ensure it was all properly completed. It is a pleasure interacting with a team of thorough professionals.
Kapil Sugunan (Australia)I am overall happy with the services. You are responsive, trustworthy and good to work with.
Somit Goyal USAI appreciate you and your firm for clarifying all my doubts throughout this process. I look forward to work with you more closely in future.
NRI from UK on our Repatriation Services0+
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