How much can an NRI repatriate after selling property in India?

Up to USD 1 million per financial year (April to March) from NRO balances, which can include sale proceeds, after taxes are paid and with the bank's documentation. Funds in NRE and FCNR(B) accounts are generally freely repatriable and sit outside that limit.

Does the buyer deduct tax on my whole sale price?

Yes, unless you obtain a lower or nil deduction certificate. The buyer deducts TDS on the full consideration when paying a non-resident, which can be far more than the tax due on the gain. The excess comes back only through your Indian tax return.

Which forms does the bank need for the remittance?

Form 15CA, filed online as a declaration, and Form 15CB, a certificate from a chartered accountant, together with the sale deed, proof of tax paid and the source-of-funds trail. Form names and numbering can change with the Income-tax Act, 2025, so confirm the current ones with your CA.

Is there a cap on repatriating proceeds from residential property?

FEMA has historically limited repatriation of sale proceeds to two residential properties. The details depend on how the property was acquired, so confirm the position for your case with your bank and CA before listing.

NRI Property Sale: FEMA Repatriation and TDS Matrix (Jaipur)

An NRI selling property in India has three questions: where does the money land, how much tax is held back, and how much can go abroad. This page puts the answers side by side, in the order they come up. It is a reference sheet, so check the current rule with your bank and CA before you act on any row.

1. Where the Money Lands and What Can Leave

Sale proceeds are normally credited to an NRO account. From there, up to USD 1 million per financial year (April to March) can be remitted abroad after tax is paid and the bank has seen the documents. Funds in NRE and FCNR(B) accounts are generally freely repatriable.

Source of the money	Typical account	Repatriation route	What the bank usually wants
Property bought with funds remitted from abroad	NRO (often)	Inside the annual USD 1 million NRO limit; banks may treat the foreign-funds portion differently, so ask yours	Proof of the original inward remittance, sale deed, tax proofs, Forms 15CA and 15CB
Funds already in NRE / FCNR(B)	NRE / FCNR(B)	Generally freely repatriable	Standard remittance request and KYC
Inherited property sold	NRO	USD 1 million per financial year	Will or succession papers, sale deed, tax proofs, Forms 15CA and 15CB
Rent and other NRO income	NRO	Counts toward the same USD 1 million limit	Tax proofs and Forms 15CA and 15CB

The two-residential-property rule: FEMA has historically limited repatriation of sale proceeds to two residential properties. How it applies depends on how you acquired the property, so ask your bank and CA before you list.

2. TDS: What the Buyer Deducts and How to Reduce It

Item	What applies	What to do
Long-term gain (held more than 24 months)	12.5% plus surcharge and cess, no indexation	Compute the real gain with your CA
Short-term gain (24 months or less)	Taxed at slab rates	Compute with your CA
TDS by the buyer	Deducted on the full sale price when paying a non-resident, at rates set for the type of gain	Agree in writing how it will be handled before signing
Lower or nil deduction certificate	Lets the buyer deduct only on the real gain, or nothing if exemptions cover it	Apply to the Assessing Officer early, and get it to the buyer before payment
Excess TDS	Returns to you only after you file your Indian return	File for the year of sale and claim the credit

For a worked example, see TDS and capital gains for NRI sellers. The Income-tax Act, 2025 renumbers sections and forms from 1 April 2026, so ask your CA for the current references.

3. Step-by-Step Repatriation Process for NRIs

Before signing: decide with your CA whether to apply for a lower-deduction certificate, and confirm the land-use and approval status of the property.
At the sale: take payment by bank transfer into your account, never cash. Keep the sale deed, payment proofs and the buyer's TDS details.
After the sale: collect the TDS certificate, compute and pay any balance tax, and file your Indian return.
Form 15CB: your CA certifies the tax position and the remittance.
Form 15CA: filed online, referring to the 15CB.
Bank remittance: your authorised dealer bank processes the transfer against the forms, the sale deed, tax proofs and account statements.

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4. Common NRI Repatriation Mistakes and Delays

A weak funds trail. The original purchase was paid partly in cash or by relatives, so the bank cannot link it to foreign funds.
TDS at the wrong rate or under the wrong PAN, which can stop Form 15CB from being issued.
Year-end timing. The sale lands close to 31 March and other NRO remittances have already used the annual limit.
Status mismatch. Your residential status in the tax return does not match your NRI status for the year. Have a CA confirm it.
Land-use problems. Agricultural land, farmhouses and unconverted land follow separate rules for NRIs. Check conversion and approvals before listing; see how to check land use in Jaipur.

5. Terms at a Glance

NRO: a rupee account for income earned in India; sale proceeds usually land here.
NRE / FCNR(B): accounts funded from abroad; generally freely repatriable.
Form 15CA / 15CB: the online declaration and the CA certificate banks ask for before a remittance.
Lower-deduction certificate: an order from the Assessing Officer that reduces the buyer's TDS.
Authorised dealer (AD) bank: the bank permitted to process foreign-exchange remittances.

Check current limits. The USD 1 million limit and property-specific conditions come from RBI and FEMA directions and the Income Tax Act, which can change. Confirm the current position with your bank and CA before you list the property.

General information, not advice. This page reflects Yash Terra's reading of public RBI, FEMA and Income Tax Department material as of October 2026. It is not legal, tax or financial advice.

How We Researched This

Checked against the public pages below in October 2026. Confirm the current rule with the official body, your bank or a qualified adviser before acting.

NRI Property Sale in India: FEMA Repatriation and TDS Matrix