Private Client & NRI Advisory
Repatriation Advisory
Moving money out of India lawfully — rents, sale proceeds, inheritances and balances — with the FEMA route, the certificates and the bank file each transfer needs.
Repatriation is a FEMA question before it is a banking one: which account the money sits in decides whether it can leave at all. NRE balances are freely repatriable. NRO balances — where rent, dividends and property sale proceeds land — can be remitted up to USD 1 million per financial year, against proof that the tax due on the money has been paid, evidenced through Form 15CA and a chartered accountant's certificate in Form 15CB. Money that arrived as capital or came from specific assets follows its own rules.
Most repatriation delays are documentary, not legal: a missing earlier deed, tax not yet filed on income being remitted, a certificate that does not match the bank's checklist. We build the transfer file in the order banks and the rules ask for it, and we handle the recurring routes — annual rent remittances, staged sale proceeds, inheritance transmission — as a standing arrangement rather than a fresh project each time.
What this covers
- Account architecture: NRE, NRO and FCNR — what may sit in each, and redesignation when status changes
- NRO repatriation up to USD 1 million per financial year, with Form 15CA/15CB and tax evidence
- Repatriation of property sale proceeds and rental income, year by year
- Inheritance: transmission of assets to NRI heirs and remittance of inherited balances
- Repatriation of capital and investment proceeds under the FEMA pricing and reporting rules
- Returning to India: account conversion and the treatment of foreign assets on becoming resident
How the engagement runs
01
Source file
Where the money came from is documented — deed, rent records, succession papers — because every repatriation is tested against its source.
02
Tax evidence
The tax on the income or gain is settled and evidenced; certificates under Form 15CB are arranged where required.
03
Bank submission
Form 15CA and the bank's own checklist are filed together, so the transfer is not sent back for want of a paper.
04
Transfer & record
The remittance is completed and the file retained — the next transfer from the same source starts from it.
Questions clients ask
What is the USD 1 million limit, exactly?
Balances in an NRO account — other than those representing certain capital receipts with their own rules — may be remitted abroad up to USD 1 million per financial year, net of taxes, with Form 15CA/15CB. It is a per-person, per-year limit; spouses and co-owners each have their own, and amounts above it are staged across years or taken up for specific approval.
I inherited my parents' flat and deposits. Can the money come to me abroad?
Yes, through the succession route: the assets are first transmitted into your name (as an NRI, holdings move to your NRO accounts), taxes on any income or sale are settled, and the balances are then remitted under the NRO limit with the succession documents as the source file. The paperwork differs sharply between a will, a succession certificate and a legal-heir route — that choice is where we start.
Why did my bank refuse a transfer that seems within the limit?
Usually because the file, not the amount, failed: tax on the underlying income not yet evidenced, a certificate figure that does not match the remittance, or a source document the bank cannot trace. Banks act as FEMA gatekeepers and stop first, ask later. A complete file — source, tax, certificates, forms in matching figures — is what moves money.
Discuss Your Requirements With CorpCFO
Share the matter in confidence. You will hear back from the practice — not a call centre — with a clear view of the options and the next step.