{"id":6855,"date":"2024-03-04T17:00:03","date_gmt":"2024-03-04T11:30:03","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=6855"},"modified":"2024-03-02T18:01:57","modified_gmt":"2024-03-02T12:31:57","slug":"property-purchase-sale-by-nris-repatriation-of-sale-proceeds","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/","title":{"rendered":"Property Purchase &#038; Sale by NRIs &#038; Repatriation of Sale Proceeds"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Everything You Need to Know About the NRI Guidelines for Buying and Selling Property and Repatriating the Money<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For non-resident Indians (NRIs), buying or selling immovable property in India and remitting the sale proceeds is not particularly difficult, but there are certain rules and regulations that must be followed during these transactions. These regulations are established by the Reserve Bank of India (RBI) and fall under the Foreign Exchange Management Act (FEMA). This article will cover the laws regarding property purchase and sale by NRIs, as well as the repatriation of sale proceeds, in separate sections.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Purchase_of_Property_by_NRIs\" title=\"Purchase of Property by NRIs\">Purchase of Property by NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Property_Selling_by_NRIs\" title=\"Property Selling by NRIs\">Property Selling by NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Repatriation_of_Property_Sale_Proceeds_by_NRIs_Purchased_as_a_Citizen_of_India\" title=\"Repatriation of Property Sale Proceeds by NRIs (Purchased as a Citizen of India)\">Repatriation of Property Sale Proceeds by NRIs (Purchased as a Citizen of India)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Repatriation_of_Property_Sale_Proceeds_by_NRIs_Purchased_as_a_Non-Resident_of_India\" title=\"Repatriation of Property Sale Proceeds by NRIs (Purchased as a Non-Resident of India)\">Repatriation of Property Sale Proceeds by NRIs (Purchased as a Non-Resident of India)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Repatriation_by_NRIs_of_Sale_Proceeds_from_Inherited_Property\" title=\"Repatriation by NRIs of Sale Proceeds from Inherited Property\">Repatriation by NRIs of Sale Proceeds from Inherited Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Taxation_on_land_transactions_by_NRIs\" title=\"Taxation on land transactions by NRIs\">Taxation on land transactions by NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Tax_Exemption_on_the_sale_by_NRIs_of_Land\" title=\"Tax Exemption on the sale by NRIs of Land\">Tax Exemption on the sale by NRIs of Land<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Purchase_of_Property_by_NRIs\"><\/span><b><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-6859 size-medium\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/02\/Designer-75-300x300.jpeg\" alt=\"Property Purchase &amp; Sale by NRIs\" width=\"300\" height=\"300\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/02\/Designer-75-300x300.jpeg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/02\/Designer-75-150x150.jpeg 150w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/02\/Designer-75-768x768.jpeg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/02\/Designer-75.jpeg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/span>Purchase of Property by NRIs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An NRI or Person of Indian Origin (PIO) is legally entitled to purchase residential and commercial property in India without prior permission from the RBI. There is no limit on the number of immovable properties they can purchase. However, under FEMA and RBI regulations, the purchase amount must be paid in Indian Rupees through standard banking channels or through NRI bank accounts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NRIs and PIOs can also legally inherit property from a resident of India and keep it. However, they cannot legally buy agricultural land, land for planting, or farmland. They can, however, inherit and hold such property from a resident of India.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Property_Selling_by_NRIs\"><\/span><b>Property Selling by NRIs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An NRI can sell their Indian residential or commercial property that they purchased or inherited from an Indian citizen, NRI, or PIO. However, in the case of selling agricultural land, plantation property, or a farmhouse, the property must be sold to a resident of India. Repatriation of the sale proceeds to the NRI&#8217;s country of residence comes after the sale and must follow the guidelines laid down under FEMA by the RBI.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6860 size-medium\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-73-300x300.jpeg\" alt=\"Property Purchase &amp; Sale by NRIs\" width=\"300\" height=\"300\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-73-300x300.jpeg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-73-150x150.jpeg 150w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-73-768x768.jpeg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-73.jpeg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Repatriation_of_Property_Sale_Proceeds_by_NRIs_Purchased_as_a_Citizen_of_India\"><\/span><b>Repatriation of Property Sale Proceeds by NRIs (Purchased as a Citizen of India)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you are selling a property that you purchased before moving abroad (when you were a resident of India), then the sale proceeds must be credited to your NRO account. You are entitled to repatriate up to USD 1 million per financial year (April-March), along with all other capital transactions, provided that you have paid all your taxes. Repatriation is limited to the sale of only two residential buildings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This repatriation is only possible if you have owned the property for at least 10 years. If you have owned the property for less than 10 years, you cannot automatically repatriate the money. You must keep the money in your NRO account until the 10-year period ends, and then you can move it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if you sell a house after holding it for 8 years, you need to keep the sale proceeds in your NRO account for 2 years. After this 2-year period, you can then repatriate the money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6861 size-medium\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/3419638_511149-PID0T4-429-e1709277798253-300x279.jpg\" alt=\"\" width=\"300\" height=\"279\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/3419638_511149-PID0T4-429-e1709277798253-300x279.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/3419638_511149-PID0T4-429-e1709277798253-1024x952.jpg 1024w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/3419638_511149-PID0T4-429-e1709277798253-768x714.jpg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/3419638_511149-PID0T4-429-e1709277798253-1536x1428.jpg 1536w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/3419638_511149-PID0T4-429-e1709277798253.jpg 2000w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Repatriation_of_Property_Sale_Proceeds_by_NRIs_Purchased_as_a_Non-Resident_of_India\"><\/span><b>Repatriation of Property Sale Proceeds by NRIs (Purchased as a Non-Resident of India)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The sale proceeds of property purchased after you become an NRI can only be remitted outside India after meeting certain conditions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The property must be purchased according to the foreign exchange rules that were in effect at the time of purchase.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The repatriation amount cannot exceed the amount of foreign exchange the NRI transferred to India for the purchase of the property through regular banking channels.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The remittance cannot exceed the funds used for the purchase of the property from a Foreign Currency Non-Resident (FCNR) Account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The repatriation cannot surpass the amount of loan repayment made using foreign inward remittance or debit from Non-Resident External (NRE) or FCNR accounts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The remittance cannot exceed the amount paid through the NRE account at the time of purchase.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In all cases, the sale proceeds must be credited to the NRO account and can only be repatriated for up to USD 1 million per financial year. Such repatriation is only permitted for two properties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 10-year waiting period for repatriation does not apply to properties purchased by NRIs using their foreign funds.<\/span><\/p>\n<p><b>Consult CA Arun Tiwari for more information at \ud83d\udcde 8080088288 or <\/b><a href=\"mailto:cs@aktassociates.com\"><b>cs@aktassociates.com<\/b><\/a><\/p>\n<p><a href=\"https:\/\/pages.razorpay.com\/akt-nri-tax-consulting\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5776 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Consult-CA-A-Tiwari.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Consult-CA-A-Tiwari.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/07\/Consult-CA-A-Tiwari-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Repatriation_by_NRIs_of_Sale_Proceeds_from_Inherited_Property\"><\/span><b>Repatriation by NRIs of Sale Proceeds from Inherited Property<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">NRIs or PIOs can repatriate the sale proceeds of immovable property inherited from an individual living in India, as long as they can provide documentary evidence supporting their inheritance and the necessary tax clearance certificates from the Income Tax Authority. The maximum repatriation amount is USD 1 million per financial year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6862 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-76-300x300.jpeg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-76-300x300.jpeg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-76-150x150.jpeg 150w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-76-768x768.jpeg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-76.jpeg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Taxation_on_land_transactions_by_NRIs\"><\/span><b>Taxation on land transactions by NRIs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If the NRIs sell the property after three years from the date of acquisition, 20% of long-term capital gains will be incurred. The profits are calculated as the difference between the indexed purchasing cost and the value of the transaction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The indexed purchasing cost is the inflation-adjusted purchase cost. In the case of inherited land, the date and cost of acquisition shall be considered to be the date and cost to the original owner for the purpose of determining the retention period and the cost of purchase. NRIs are subject to a TDS of 20%, according to legislation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6864 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-78-300x300.jpeg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-78-300x300.jpeg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-78-150x150.jpeg 150w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-78-768x768.jpeg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-78.jpeg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the property is sold within three years of the date of acquisition, they are eligible for a 30 percent TDS short-term capital gain, irrespective of the tax slab. Short-term capital gains are calculated as the difference between the value of the sale and the purchasing cost. No income from indexation is applicable to short-term capital gains.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Exemption_on_the_sale_by_NRIs_of_Land\"><\/span><b>Tax Exemption on the sale by NRIs of Land<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In some cases, NRIs are definitely eligible for a tax exemption. If after three years of purchase, they sell their property and reinvest the sales proceeds in another residential property within two years of sale, the proceeds will be exempted to the extent of the expense of the new property.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-6871 \" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-84-300x300.jpeg\" alt=\"\" width=\"230\" height=\"230\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-84-300x300.jpeg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-84-150x150.jpeg 150w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-84-768x768.jpeg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/03\/Designer-84.jpeg 1024w\" sizes=\"(max-width: 230px) 100vw, 230px\" \/>Investment in capital gain bonds is another instance of an exception. If after three years of acquisition and reinvestment of the proceeds in bonds of the National Highways Authority of India and Rural Electrification Corp. of India, NRIs sell their property within six months of sale, they will be exempted from paying tax on capital gains. The bonds are going to be locked in for a three-year duration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The details alluded to above are meant to demonstrate the due process involved in the acquisition and selling of property by NRIs and the repatriation of the proceeds from the sale. To look at more detailed descriptions of such transactions, it is advisable to consult a specialist.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It might be your dream to purchase a house. A simple way out is to build a workable financial plan to fulfil all your financial dreams.<\/span><\/p>\n<p><a href=\"https:\/\/aktassociates.com\/nri-tax-compliance\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4769 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/Have-you-received-Online-tax-notice.png-1465.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/Have-you-received-Online-tax-notice.png-1465.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/Have-you-received-Online-tax-notice.png-1465-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"252dcfdc-3b4d-4b1e-94cb-8ee7daf72ab8\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>To sum up, as an NRI, successfully navigating property transactions in India requires following RBI and FEMA guidelines. Whether buying, selling, or repatriating sale proceeds of residential or commercial properties, grasping the rules is crucial. The complexity is evident in factors like the 10-year repatriation waiting period, tax intricacies, and exemptions. Seeking expert advice ensures a smooth process. Ultimately, meticulous planning, compliance, and awareness of legal frameworks pave the way for NRIs to achieve their property goals in India. Dream responsibly, plan wisely, and let your property journey reflect well-informed decisions.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Everything You Need to Know About the NRI Guidelines for Buying and Selling Property and Repatriating the Money For non-resident &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Property Purchase &#038; Sale by NRIs &#038; Repatriation of Sale Proceeds\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/#more-6855\">Read more<span class=\"screen-reader-text\">Property Purchase &#038; Sale by NRIs &#038; Repatriation of Sale Proceeds<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":6868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[107],"tags":[1316,1315,1318,1317,1314],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property Purchase &amp; Sale by NRIs &amp; Repatriation of Sale Proceeds<\/title>\n<meta name=\"description\" content=\"Navigate the complexities of property transactions in India for NRIs with this comprehensive guide. Learn about purchase, sale, and repatriation rules, tax intricacies, and expert advice for a well-informed property journey.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/property-purchase-sale-by-nris-repatriation-of-sale-proceeds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Purchase &amp; Sale by NRIs &amp; Repatriation of Sale Proceeds\" \/>\n<meta property=\"og:description\" content=\"This comprehensive blog post outlines the key guidelines and regulations that non-resident Indians (NRIs) need to follow when buying, selling, and repatriating proceeds from property transactions in India. The information covers legal entitlements for property purchase, restrictions on property types, repatriation limits, and specific conditions for repatriation based on the circumstances of property acquisition. The post also delves into taxation aspects, including long-term and short-term capital gains, tax exemptions, and the importance of adhering to RBI and FEMA guidelines. 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The information covers legal entitlements for property purchase, restrictions on property types, repatriation limits, and specific conditions for repatriation based on the circumstances of property acquisition. The post also delves into taxation aspects, including long-term and short-term capital gains, tax exemptions, and the importance of adhering to RBI and FEMA guidelines. 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