Repatriation of Assets

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Repatriation of Assets


Repatriation of Assets from India – NRI/PIO Transfers Made Simple

At Casela Advisors, we specialize in helping Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) with the repatriation of funds from Indiaβ€”whether from an NRO account to an NRE account or to an overseas bank account. Our dedicated team of NRI Chartered Accountants ensures full compliance with the Foreign Exchange Management Act (FEMA) and the Income Tax Act, 1961, while handling documentation and bank coordination end-to-end.


πŸ’Ό What Is Repatriation?

Repatriation is the legal process of transferring funds/income from:

  • A Non-Resident Ordinary (NRO) account to a Non-Resident External (NRE) account, or
  • An overseas bank account

This service is vital for NRIs and PIOs looking to move their legally earned income or capital gains abroad.


🏦 Common Sources of Repatriable Funds Held by NRI/PIOs

You can repatriate funds that originate from:

  1. Assets held before leaving India
  2. Inherited property, fixed deposits, or financial assets
  3. Investments made in India through overseas remittances
  4. Income earned on Indian assets – like rent, interest, dividends, or capital gains

πŸ“Š How Much Can NRIs/PIOs Repatriate?

Type of Asset or IncomeLimit for RepatriationKey Notes
βœ… Current Income (interest, rent, salary, dividend)No LimitMust be supported with tax payments and documents
🏠 Sale proceeds of property acquired in Forex (via NRE/FCNR/inward remittances)Fully repatriableMax. 2 residential properties under free repatriation
🏠 Sale proceeds of property acquired in INR or inheritedUSD 1 million per FYUnder FEMA’s USD 1 million scheme
πŸ’Ή Sale of other assets (mutual funds, FDs, shares, etc.)USD 1 million per FYSubject to tax compliance

⚠️ Note on Non-Repatriable Investments

Investments in non-repatriable shares or securities (when purchased with repatriation restrictions) may not qualify for repatriation. Some banks now deny repatriation under the USD 1 million scheme for such investments.

πŸ“Œ Advice: Always consult Casela Advisors before initiating repatriation to ensure your investment is eligible.


🌿 Note on Agricultural Land & Restricted Properties

Under FEMA:

  • NRIs cannot buy agricultural land, plantation property, or farmhouses.
  • However, such properties can be retained if inherited or purchased while resident in India.
  • Properties held illegally or in violation of law are not eligible for repatriation.

πŸ“„ Documents Required for Repatriation of Funds

To transfer money from India to an overseas account or to an NRE account, the following documents must be submitted to your Authorized Dealer (AD) Bank:

  1. Form 15CA – Undertaking by the NRI/PIO (filed online via Income Tax Portal)
  2. Form 15CB + UDIN – Certificate issued by a Chartered Accountant, confirming that tax has been paid
  3. Form A2 & Outward Remittance Form – In case of foreign remittance from NRO A/c
  4. FEMA Declaration & Transfer Request Form – In case of NRO to NRE account transfer
  5. Any additional bank-specific documents as per KYC/compliance requirements

🎯 Casela Advisors offers end-to-end assistance with Form 15CA/15CB filing, helping NRIs avoid errors, delays, and penalties.


πŸ“ Want to Repatriate Over USD 1 Million?

If your repatriation requirement exceeds USD 1 million in a financial year, you can apply for special approval from RBI. Common grounds for approval include:

  • Medical emergencies
  • Higher education expenses abroad
  • Genuine hardship cases

πŸ“Œ Our experts at Casela Advisors can prepare the RBI application and supporting documentation to ensure fast-track approvals.


βš™οΈ Additional FEMA Guidelines & Practical Considerations

  • βœ… Every repatriation must be tax compliantβ€”interest, capital gains, rent, etc. should be declared and taxed accordingly.
  • ❌ Funds transferred between NRO accounts (e.g., between spouses) cannot be repatriated unless representing genuine income.
  • πŸ” Unused yearly repatriation limits cannot be carried forward.
  • πŸ’Ό Only one AD bank can be used for repatriation in a given financial year.
  • 🎁 Gifts received from resident relatives (up to USD 250,000 per year) can be repatriatedβ€”but subject to bank restrictions and LRS guidelines.
  • πŸ’Έ Funds in NRE accounts are fully repatriable with no limits.

πŸ›‘οΈ How Casela Advisors Helps NRIs & PIOs

We are your trusted Chartered Accountants for NRI Services in India. Our team at Casela Advisors helps you with:

βœ… End-to-end NRO to NRE transfer services
βœ… Filing of Form 15CA and 15CB with UDIN
βœ… Tax computation on rental income, capital gains, or interest
βœ… Document collection, coordination, and compliance with FEMA & RBI
βœ… Filing requests for special RBI approval (above USD 1 million)
βœ… FEMA consulting and repatriation tax advisory


πŸ“ž Need assistance with transferring your funds abroad legally and efficiently?
πŸ”Ή Contact Casela Advisors today – Your Expert NRI Chartered Accountant in India for all Repatriation, FEMA & Tax Compliance matters.

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Repatriation Of Assets - Casela Advisors