All Categories

  • All Categories
  • TAX
  • Efiling (TAX)
  • Income Tax Efiling
  • ROC Efiling
  • US/UK And Others
  • TDS Efiling
  • TAX NOTICE
  • Business, Corporate
  • NRI, RNRI, Expat, Seafarer
  • Salaried (Individual)
  • Self Employed
  • CAPITAL GAINS
  • CG Advisory
  • CG Real Estate
  • CG Tax Refund
  • CG Tax Saving
  • Tax Clearance
  • TDS (PROPERTY)
  • Property Purchase TDS
  • Property Sale TDS
  • TDS Advisory
  • TDS Notice
  • repatriation 15 ca/cb
  • Other Repat. Or Remittance
  • Repat. from Gift, Inheritance
  • Repat. from NRO to NRE
  • Repat. from Property Sale
  • Repat from Property Sale
  • REGISTRATION
  • GST & Others
  • Import Export (IE)
  • PAN , TAN
  • COMPANY FORMATION
  • AOP, Trust, NGO, Others
  • Limited & Private Limited
  • Partnership & LLP
  • VALUATION
  • REAL ESTATE
  • Market Value for Sale
  • Market Value for Purchase
  • Income Tax Valuation
  • Government Valuation
  • Valuation for Registration
  • Valuation for Stamp Duty
  • Valuation for Capital Gains
  • Valuation for Gift
  • Valuation for Partition
  • Valuation for Inheritance
  • Valuation Officer (IT) Help
  • Other Property Valuation
  • Other Assets
  • Gold & Jewellery
  • Plants & Machinery
  • Mines & Quarries
  • Marine
  • Vehicles
  • Art & Painting
  • Brand & Market Share
  • Agricultural Land
  • Intellectual Property
  • Company & Start-Up & Share
  • NRI SERVICES
  • Tax
  • Agreements/POA
  • Banking & Insurance Claim
  • Due Diligence
  • Joint Venture/Builder Agreement
  • Legal/Inheritance Planning
  • Loan
  • Property Purchase Agreement
  • Property Sale Agreements
  • Will & Probates
  • LEGAL
  • NGO
  • RBI Clearances
  • Repatriation
  • Trust
  • Valuation
  • Taxation
  • Contact Us
  • About Us
  • Connect With Us
  • Fix an Appointment
  • EMail Us
  • Call Us
  • Request a Call Back
  • Contact Us
  • Feedback
  • The Team
  • Why us
  • Our Team
  • Our Clients
  • Testimonials
  • Service Charter
  • Global Services
  • Resources
  • CSR
  • Careers
  • Media
  • Download Documents
Compare Wishlist

  • Your shopping cart is empty!

Repat. from Property Sale

Repatriation of Principal Funds

While undertaking the purchase of a property in India, the NRI investor has to arrange for the principal amount to be invested for buying such property in India. This fund may be brought into India either through bank transfers or alternatively it could be parked in NRE (Non-resident external) account from which a cheque is drawn to complete the purchase transaction.

The amount to be repatriated does NOT EXCEED:

  • The amount paid for acquisition of the immovable property in foreign exchange received through normal banking channels, or
  • The amount paid out of funds held in Foreign Currency Non- Resident Account, or
  • The foreign currency equivalent of the amount paid where such payment was made from the funds held in Non-Resident External account for acquisition of the property

Funds brought into India through banking channels

Rules for repatriation of such funds are simple. The NRI investor can repatriate such principal fund invested in India to his home country without any restriction and without having to seek the permission of RBI to do so. There is no upper limit or cap whatsoever for repatriation of such principal amount. It should however, be noted that this rule is valid for two residential properties and unlimited commercial properties only.

Funds lying in NRO account

When the entire property is purchased with funds lying in NRO accounts then the complete sale proceeds, i.e. both the principal and the profit must be deposited into the NRO account and then a maximum amount of USD 1 million, out of the total amount, can be repatriated back in one financial year.

Combination of scenario 1 and 2

If funds for purchase are partly sourced through banking channels and partly from NRO accounts or from balances lying in FCNR/NRE accounts, then the rules explained above will apply in proportion to the respective fund’s sources.

In simpler terms, funds used for purchase out of NRO account can be repatriated to the extent of USD 1 million per annum and funds invested from FCNR/NRE accounts can be wholly repatriated without any stipulation of limit.

Repatriation is then allowed subject to

Production of documentary evidence in support of acquisition, inheritance or Legacy of assets by the remitter A tax clearance / no objection certificate from the Income Tax Authority for the remittance. Remittances exceeding US $ 1,000,000 (US Dollar One million only) in any financial year requires prior permission of the Reserve Bank of India.

HOW IT WORKS

1

SELECT A PACKAGE

  • Select a service that you require
  • Choose a suitable Package or Plan depending on the Work involved the Services required
2

REGISTER

  • Submit or eMail your Contact details or provide the Client Registration Form
  • Provide basic documents (relevant KYC)
  • Make payment (Gateway, NEFT, Cheque, or Cash)
3

DOCUMENTATION

  • Speak to our Advisor
  • Submit your remaining documents / details by any of the following modes:
    • eMail to info@TaxAssist.in
    • Courier to HelpDesk
    • Visit to our Branches
    • or even WhatsApp
4

FINALIZATION

  • Once we have finalised, we will send you the Draft for Approval
  • Once approved & submissions made, you will receive Final Documents from us by eMail, courier or visit.

DOCUMENTS

To initiate the process, we will request you to provide us the following basic documents:
(We donot require any original documents. The documents can either be Emailed, Couriered, Physically delivered to our branches or even Whatsapped to us)

    Resident (Individuals)
  • PAN
  • Passport
  • PIO, OCI (if applicable)
  • Aadhaar Card
    Resident (Corporates)
  • PAN
  • TAN, VAT, GST
  • MOA, AOA
  • Incorporation Certificate
    NRI's & Expats
  • PAN
  • Passport
  • PIO, OCI, CDC (if applicable)
  • Aadhaar Card


Product Compare (0)
Showing 1 to 4 of 4 (1 Pages)
Basic (REPATRIATE FROM PROPERTY SALE) Basic (REPATRIATE FROM PROPERTY SALE)

Basic (REPATRIATE FROM PROPERTY SALE)

Suitable for individual having form 16 with income of less than Rs 10 laks p.a and interest income only...

₹5,000.00
rating
Silver (REPATRIATE FROM PROPERTY SALE) Silver (REPATRIATE FROM PROPERTY SALE)

Silver (REPATRIATE FROM PROPERTY SALE)

Suitable for individuals having an income of Rs 10-20 Laks p.a and interest income only OR an investment portfolio of less than Rs 20 Laks...

₹7,500.00
rating
END TO END (REPATRIATE FROM PROPERTY SAL... END TO END (REPATRIATE FROM PROPERTY SAL...

END TO END (REPATRIATE FROM PROPERTY SAL...

Suitable for individuals having an income of more than Rs 20 Laks p.a OR an investment portfolio of more than 50 Laks OR a net worth of more than 3 crores having CG from sale of Real Estate OR planning to relocate to/from India OR having income from ..

₹20,000.00
rating
PREMIUM (REPATRIATE FROM PROPERTY SALE) PREMIUM (REPATRIATE FROM PROPERTY SALE)

PREMIUM (REPATRIATE FROM PROPERTY SALE)

Premium personalised services for TDS Advisory, Filing, Certifications & Compliance with personalised attention throughout the transaction...

₹40,000.00
rating
Showing 1 to 4 of 4 (1 Pages)

WE ARE ASSOCIATED WITH