What is the yearly limit for sending property sale money abroad?

Up to USD 1 million per financial year from the NRO account, after taxes are paid and a CA certifies this via Form 15CB. If the property was originally bought with foreign exchange, up to two such residential properties can have their full sale proceeds repatriated instead, subject to the original purchase amount. General cap: USD 1 million per financial year from NRO account balances/sale proceeds Requires Form 15CA (online declaration) plus a CA's Form 15CB certificate Full repatriation (not capped at the original investment) allowed for up to two residential properties bought in foreign exchange Tax (TDS under Section 195, or final tax liability) must be settled before the CA certifies the remittance AD Category-I bank processes the actual transfer after verifying documents

CAPGAIN › Answers › NRI, FEMA, home loans & IBC › How Much Can an NRI Repatriate After Selling Property in India?

How Much Can an NRI Repatriate After Selling Property in India?

Short answer: Up to USD 1 million per financial year from the NRO account, after taxes are paid and a CA certifies this via Form 15CB. If the property was originally bought with foreign exchange, up to two such residential properties can have their full sale proceeds repatriated instead, subject to the original purchase amount.

Law: RBI Master Direction on Remittance of Assets · Authority: RBI · Status: in force (effective 1 Jan 2016) · Checked 25 Sept 2026

What you need to know

General cap: USD 1 million per financial year from NRO account balances/sale proceeds
Requires Form 15CA (online declaration) plus a CA's Form 15CB certificate
Full repatriation (not capped at the original investment) allowed for up to two residential properties bought in foreign exchange
Tax (TDS under Section 195, or final tax liability) must be settled before the CA certifies the remittance
AD Category-I bank processes the actual transfer after verifying documents

Who this applies to: NRIs/OCIs/sellers

Official / primary source: rbi.org.in (government source)

The law behind it

Repatriation of Sale Proceeds from NRO Account - USD 1 Million per Financial Year

An NRI or OCI can send abroad up to USD 1 million per financial year out of their NRO account balance, which includes money from selling property in India. This needs a Chartered Accountant's certificate confirming all applicable taxes have been paid.

Master Direction on Remittance of Assets, RBI/FED/2015-16/6 · in force · source

RBI Master Direction on Acquisition and Transfer of Immovable Property under FEMA

This is RBI's consolidated rulebook that banks use day-to-day to process NRI, OCI and foreign national property transactions. It is updated periodically to reflect changes in the underlying NDI Rules 2019, so banks and buyers should always check the latest version on the RBI website.

Master Direction No. 12/2015-16 (as updated) · amended · source

Liberalised Remittance Scheme (LRS) - USD 250,000 per Year for Resident Individuals

A resident Indian (including a minor, through a guardian) can send up to USD 250,000 abroad every financial year for allowed purposes, including buying a house or flat overseas. This is the main legal route for Indians investing in property abroad.

Master Direction - LRS, FED Master Direction No. 7/2015-16 · in force · source

Form 15CA and Form 15CB - remitting property sale proceeds abroad

Before an NRI can remit the sale proceeds of Indian property abroad, a Chartered Accountant must first certify the tax position on Form 15CB, and the remitter (or NRI) then files a self-declaration, Form 15CA, on the income-tax portal. The bank will not process the foreign remittance without both, along with proof of TDS already deducted/paid.

Form 15CA (self-declaration) and Form 15CB (CA certificate); renumbered Form 145 and Form 146 under Income-tax Act 2025 · amended · source

Work out your own numbers

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