Buyer checklist

NRI Property Repatriation and Rental Income Checklist

For an NRI or OCI buyer, the exit route is decided long before sale. Use this checklist to keep the purchase funding trail, rental-income records, sale documents, tax withholding, bank evidence and remittance forms clean before asking an authorised dealer bank to process repatriation or rental-income remittance.

NRI, OCI and overseas owners planning Indian property sale proceeds, rent receipts, NRO/NRE documentation or future remittance from India.

Direct answer

Before an NRI or OCI owner relies on property sale-proceeds repatriation or rental-income remittance from India, preserve the purchase funding trail, NRE/NRO or FCNR account route, registered sale or lease documents, PAN and residency evidence, TDS and tax filings, Form 145 or legacy Form 15CA route, Form 146 or CA-certificate requirement where applicable, bank application records and authorised-dealer written confirmation. RBI, Income Tax and bank rules are transaction-specific, so a qualified CA, lawyer and authorised dealer bank must confirm the current route before money is moved.

Version: 2026-08-23-v1
Editorial check: 2026-08-23
Sources checked through: RBI immovable-property FAQ, RBI Master Direction on Acquisition and Transfer of Immovable Property under FEMA, Income Tax Form 145 user manual and Income Tax Form 146 user manual checked on 23 August 2026.

This checklist is document organization guidance only. It is not legal advice, tax advice, FEMA advice, repatriation approval, bank approval, TDS calculation, residential-status certification, title proof, valuation, live exchange-rate guidance or investment-return advice.

Keep the acquisition and funding trail ready

1.1Retain the original purchase agreement, allotment, registered deed or conveyance record for the exact property being sold or rented.
1.2Preserve bank advice, inward-remittance records, NRE, NRO or FCNR account statements and loan-repayment trail used for the original purchase.
1.3Separate residential, commercial, inherited, gifted, agricultural, farmhouse or plantation-property facts before assuming any remittance route.
1.4Ask the authorised dealer bank to confirm whether the intended remittance depends on original funding source, number of properties, inheritance facts or any RBI approval route.

Control sale proceeds, rent and tax evidence

2.1For a sale, collect seller PAN, buyer PAN, agreement value, stamp-duty value, payment date, TDS certificate or challan evidence and registered transfer record.
2.2For rent, retain lease or leave-and-licence terms, tenant identity, rent ledger, TDS certificate where applicable, maintenance deductions and bank-credit trail.
2.3Confirm residential status, capital-gains computation, rental-income reporting, DTAA or foreign tax-credit handling with a qualified CA before filing or remitting.
2.4Do not treat gross sale value or gross rent as freely remittable; taxes, bank review, source of funds and documentary gaps can change the usable amount.

Check the remittance form and bank process

3.1Ask whether the current Income Tax e-filing route uses Form 145 or a legacy Form 15CA path for the relevant remittance and transaction date.
3.2Ask whether a CA certificate through Form 146 or legacy Form 15CB is required before the bank will process the remittance.
3.3Keep bank application forms, Form 145 or Form 15CA acknowledgement, Form 146 or CA certificate, tax payment evidence and authorised-dealer approval notes together.
3.4Record the exact bank branch, authorised-dealer contact, date of confirmation, permitted amount, account debited, destination account and exchange-rate evidence for auditability.

Frequently asked questions

Can an NRI repatriate Indian property sale proceeds?

It can be possible, but the route depends on the property type, acquisition history, funding source, account route, taxes, documents and current RBI or authorised-dealer bank requirements. Get written bank and qualified professional confirmation before relying on any amount.

Can rent from Indian property be sent abroad by an NRI?

Rental-income remittance depends on bank, tax and documentation checks. Keep the lease, rent ledger, TDS certificate where applicable, PAN and income-tax evidence ready, then confirm the current remittance route with the bank and CA.

Are Form 145 and Form 146 the same as Form 15CA and Form 15CB?

The Income Tax portal now exposes Form 145 and Form 146 routes for foreign-remittance declarations and CA certification, while legacy Form 15CA and 15CB terminology may still appear in bank or transaction-date workflows. Check the current portal route with the CA and authorised dealer bank.

Can Altina Livings approve FEMA, tax or repatriation treatment?

No. Altina can organize property, RERA, cost-sheet, rent, sale and document evidence for review, but FEMA, tax, banking, remittance, residential-status and title decisions must come from qualified professionals and the authorised dealer bank.

Important note

This checklist is informational only. Verify current documents with the official authority, developer, bank, lawyer or tax advisor where required before making a payment or signing a document.